Thai Airways International Public Company Limited (SET: THAI) has 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.
Thai Airways International told the media in February that it aims to exit the plan and resume trading in the Thai stock market by June 2025.
