BANGKOK: Asia Aviation Pcl, owner of the Thai affiliate of Malaysia-based budget carrier AirAsia Bhd , has set an IPO price of 3.7 baht (37 sen) a share to raise 4.5 billion baht (RM443mil) in the Thai market this month, sources close to the deal said.
Asia Aviation, a holding company that owns 51% of Thai AirAsia, will offer 1.212 billion shares, or 25%, in the initial public offering (IPO), the company said in a statement.
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