BANGKOK, Thailand – Thai Airways International Public Company Limited (THAI) announced its updated shareholder structure following a recent capital increase under its rehabilitation plan, December 31. The Ministry of Finance and state-owned enterprises (SOEs) remain the largest shareholders, holding a combined 42.94% stake, down from 49.99%.
The capital increase involved issuing 5,131,073,372 new common shares at 4.48 baht per share, allocated to existing shareholders, employees, and private placements (PP). The registration of the paid-up capital increase with the Department of Business Development, Ministry of Commerce, was completed on December 20, 2024. The total registered and paid-up capital now stands at 283,032,915,670 baht, with 28,303,291,567 shares issued at a par value of 10 baht each.
Key Shareholders Post-Restructuring:
1.Ministry of Finance and SOEs: 42.94% (previously 49.99%)
|-Ministry of Finance: 38.90% (from 47.86%)
-SOEs: 4.04% (from 2.13%)
2.Vayupak Fund 1: 0.58% (from 7.57%)
3.Bangkok Bank (BBL): 8.51% (from 0.43%)
4.Electricity Generating Authority of Thailand Cooperative: 5.43% (new shareholder)
5.Krungthai Bank (KTB): 4.69% (new shareholder)
6.Other Creditors (Debt-to-Equity Conversion): 33.09%
7.Other Existing Shareholders, Employees, and PP: 4.76% (from 42.01%)
The state-owned enterprises involved in the debt-to-equity conversion include Government Savings Bank, Islamic Bank of Thailand, Export-Import Bank of Thailand, and National Telecom Public Company Limited (NT).
This restructuring is a significant step in THAI’s rehabilitation plan, aimed at stabilizing its financial health and future operations.
