SET-listed Nok Airlines Plc, an affiliate of Thai Airways International Plc, was successful in raising registered capital even though its parent company backed off the share offering. Nok Air earlier announced it hoped to increase its registered capital from 625 million baht to 1.41 billion. However, THAI, which holds a 39.25% stake in Nok Air, decided not to buy the shares. Mr Jeffery said Nok Air had received most of the right offering share subscriptions and had sufficient funds to cope with its financial needs. Nok Air reported a net loss of 295 million baht in the first quarter this year.

Source: Bangkok Post May 24, 2017 04:18 UTC