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Thai AirAsia parent delays June 4 extraordinary general meeting
May 10th 2021
Asia Aviation Public Company Limited (AAPC), parent company of Thai AirAsia, said on Friday the extraordinary general meeting of shareholders, planned for June 4, is postponed because more work was needed on a proposed restructuring plan. Read More » "The company has received further input and feedback about the proposed restructuring plan from other relevant regulatory authorities. AAPC will require additional time to revise the restructuring plan for the overall benefit of the company and the shareholders," it said in a regulatory filing to the Stock Exchange of Thailand (SET). A new date for the meeting was not announced. In late April AAPC proposed a 3.15 billion baht (US$101 million) funding boost for Thai AirAsia either through a convertible loan agreement or convertible bonds. The restructuring plan also proposes listing Thai AirAsia on the SET in place of AAPC for the "optimal benefit" of the business.
