The Stock Exchange of Thailand (SET) has announced the entry of Thai Airways International Public Company Limited (THAI)’s securities into the trading resumption stage (Resume Stage) starting from March 12, 2025.
The announcement was made following the rehabilitation plan that THAI made in recent years that turned its shareholders’ equity to positive territory.
The stock exchange stated that THAI will be granted a two-year period during which the company must repossess the required qualifications for trading resumption by March 7, 2027. If THAI is unable to repossess the qualifications in order to resume trading within the specified period, SET will propose to the SET’s Board of Governors to consider delisting the company’s securities accordingly.
Despite an extended period of trade returning by the stock exchange, Thai Airways International has set its sights on returning to the stock market by no later than June 2025 as the rehabilitation process is progressing as planned. The company reaffirmed to the media in February the timeline for the trade resumption.
Early March, THAI announced a completion of a capital reduction in a process to make up for the accumulated accounting losses to be near flat line as the company is nearing a completion of its rehabilitation procedure.
THAI stated that the reference is made to the resolution passed at the meeting of the plan administrators of Thai Airways International No. 6/2025 on 25 February 2025 approving the company’s capital reduction by reducing par value of shares of the company from a par value of 10.00 Baht per share to 1.30 Baht per share in order to make up for the accumulated accounting losses of the company as close to zero as possible, resulting in the reduction of the company’s registered capital and paid-up capital from 283,032,915,670.00 Baht to 36,794,279,037.10 Baht.
Due to this regard, THAI announced that on 5 March 2025, the company had completed the registration of the decrease of capital by reducing par value of shares of the company with the Department of Business Development, Ministry of Commerce. After the registration of the decrease of capital, the company has a total registered capital of 36,794,279,037.10 Baht and a total paid-up capital of 36,794,279,037.10 Baht.
In this regard, as such capital reduction does not affect the number of shares in the company held by each shareholder (i.e. the number of issued shares of the company remains the same with a total of 28,303,291,567 shares), the existing share certificates of the company will not be expropriated by the company after the capital reduction by reducing par value of shares of the company.
