BANGKOK, Jan 18 — Asia Aviation Plc , the major shareholder of Thai AirAsia Co Ltd , announced it has successfully raised 14 billion baht in capital, involving the issuance of convertible bonds and new ordinary shares to increase working capital and enhance liquidity for the airline.
Besides that, the company also increased its registered capital by offering 8.8 billion baht worth of private placements and the issuance of 2.2 billion baht worth of convertible bonds. He said the issue was fully subscribed at the ratio of 5.7625 existing ordinary shares to one ordinary share at an offer price of 1.75 baht per share.
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