BANGKOK: Asia Aviation Plc (AAV), the major shareholder of Thai AirAsia Co Ltd (TAA), announced it has successfully raised 14 billion baht (RM1.8bil) in capital, involving the issuance of convertible bonds and new ordinary shares to increase working capital and enhance liquidity for the airline.
In a statement, the company announced that it has successfully restructured its shareholding through a recent rights offering to its existing shareholders of 1.7 billion ordinary shares worth three billion baht (RM379mil).
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