SET-listed Asia Aviation (AAV), the majority shareholder of Thai AirAsia (TAA), completed fundraising of 14 billion baht to strengthen its financial position for a future rebound.
Tassapon Bijleveld, executive chairman of AAV, said the recent rights offering to its existing shareholders of 1,714,285,714 ordinary shares worth 3 billion baht, derives from strong support and confidence from shareholders despite the current economic downturn and uncertainties from the viral situation.
