Photo courtesy of Bangkok Post
Thai Airways International Plc (THAI) is set to issue new shares valued at a minimum of 42 billion baht by December, marking a significant move towards concluding its court-monitored debt restructuring and resuming trading on the Stock Exchange of Thailand (SET).
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Thai Airways International Plc (THAI) is set to issue new shares valued at a minimum of 42 billion baht by December, marking a significant move towards concluding its court-monitored debt restructuring and resuming trading on the Stock Exchange of Thailand (SET).
The national airline plans to offer 6.81 billion new shares to creditors as part of a debt-to-equity swap, as detailed in a regulatory filing with the SET and the Securities and Exchange Commission yesterday, October 1. Each share is priced at 2.5452 baht, bringing the total value of this offering to 17.3 billion baht.
An additional 9.82 billion new shares will be made available to existing shareholders, employees, and other investors through a private offering. Although the filing did not specify the price, a separate statement confirmed that these shares would not be priced below 2.5452…