Thai AirAsia parent completes 14b baht capital raising exercises | Money

BANGKOK, Jan 18 — Asia Aviation Plc (AAV), the major shareholder of Thai AirAsia Co Ltd (TAA), announced it has successfully raised 14 billion baht (RM1.7 billion) 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 3 billion baht, which was fully subscribed within five days since it was made available to shareholders from Jan 10.

Besides that, the company also increased its registered capital by offering 8.8 billion baht worth of private placements and the issuance of…