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  1. #1
    Thailand Expat misskit's Avatar
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    THAI loses state enterprise status

    BANGKOK(NNT)-Thai Airways International (THAI) has lost its state enterprise status after the Vayupak Fund bought a 3.17 percent stake in the airline from the Finance Ministry, at a cost of 278 million baht. THAI is expected to notify the Stock Exchange of Thailand (SET) on May 24.


    The Ministry of Finance sold 69 million shares of THAI to the Vayupak Fund at a price of 4.03 baht per share, worth approximately 278 million baht or equivalent to 3.17 percent. The trade was undertaken off market.


    The Finance Ministry held 51.03 percent of the shares in THAI. Selling 3.17 percent of the ministry’s shares has reduced its stake in the airline to 47.86 percent. As a result, THAI immediately lost its state enterprise status.


    The Ministry of Finance has already informed THAI, the Ministry of Transport and the Office of the Securities and Exchange Commission of the sale of the shares. THAI has to notify the SET and the Office of the Securities and Exchange Commission regarding the trading of the said shares so that it can be announced publicly on Monday, May 25.

    http://thainews.prd.go.th/en/news/de...00523220755776

  2. #2
    Thailand Expat Saint Willy's Avatar
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    Quote Originally Posted by misskit View Post
    As a result, THAI immediately lost its state enterprise status.
    So, what does this mean? Taxes? Underwritten?

    And why? Are the desperate for funds?

  3. #3
    Thailand Expat tomcat's Avatar
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    Quote Originally Posted by TheRealKW View Post
    And why? Are the desperate for funds?
    ...after years of "management" by political cronies rather than airline professionals, it's time to bury the dog and start over...this being the swamp, however, it will be taxpayer money to the rescue (again) to allow various brothers-in-law, hangers on, toadies and all-purpose leeches access to airline, hotel and holiday perks to impress their "secretaries" and future business partners with their influence...Thus, the commercial side of Thainess...
    Majestically enthroned amid the vulgar herd

  4. #4
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    lurch wont be too happy about this.

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