THAI notifies SET of share reduction by Finance Ministry
The Finance Ministry on May 22 reduced its shareholding in Thai Airways International to lower than 50 per cent by disposing 3.17 per cent to Vayupak Fund 1, according to a THAI filing with the Stock Exchange of Thailand today (May 25).
However, the ministry is still a major THAI shareholder, with 47.86 per cent of the airline’s shares, down from 51.03 per cent previously.
THAI has lost its state enterprise status under relevant laws after this share reduction, the company said.
The Cabinet recently approved the Transport Ministry’s proposal that THAI enter bankruptcy rehabilitation under court supervision.
