THAI Officially Reports a Share Reduction from “MOF”, Ceasing the State-Enterprise Status

Thai Airways International Public Company Limited (THAI) has made an official announcement that its major shareholder, the Ministry of Finance, has reduced its shareholding percentage by 3.17% to Vayupak Fund 1, causing THAI to cease to be a state enterprise.

 

THAI has made an announcement through the Stock Exchange of Thailand that the company was informed by the Ministry of Finance, the major shareholder of THAI by holding 1,113,931,061 of the company’s shares, which is equal to 51.03% of the total shares, that, on May 22, 2020, the Ministry of Finance reduced its shareholding percentage in THAI to be lower than 50% of the total number of the company’s issued and paid-up shares by 3.17% to Vayupak Fund 1.

In this connection, the Ministry of Finance will still be the major shareholder of THAI and holders 47.86% of the total issued and paid-up shares.

After the reduction of shareholding percentage held by the Ministry of Finance in the company, THAI will cease to be a state enterprise under the relevant laws.