THAI debt restructuring approved
Thai Airways International’s board yesterday approved in principle a Bt20b debt restructuring plan while setting a performance target for new president Piyasawasdi Amranand. The board also nominated Pravit Ratanapien, a former science and technology minister, for executive chairman. Chairman Ampon Kitti-ampon Ampon said the flag carrier would issue new shares and bonds to refinance its short-term debts with longer-term obligations. A capital increase
plan will be completed in March or April. THAI debt restructuring approved (Source: The Nation Website)Thai Airways International’s board yesterday approved in principle a Bt20b debt restructuringplan while setting a performance target for new president Piyasawasdi Amranand. The boardalso nominated Pravit Ratanapien, a former science and technology minister, for executivechairman. Chairman Ampon Kitti-ampon Ampon said the flag carrier would issue new sharesand bonds to refinance its short-term debts with longer-term obligations. A capital increaseplan will be completed in March or April.
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The Thaivest Editorial Team is a dedicated group of writers and editors with a passion for Thailand's vibrant economy, culture, and lifestyle. With diverse backgrounds in finance, economics, and journalism, we provide valuable insights into living well in Thailand, making money online, and practical tools for navigating its dynamic market. Our mission is to keep our readers informed about the latest developments, opportunities, and challenges in Thailand's economic and cultural landscape. Stay connected with Thaivest for reliable, well-rounded coverage of all things Thai.
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