Thailand's King Power Group, the nation's largest duty free retailer, said it plans to spend 12 billion baht ($340 million) on buying the remaining 60 percent of Asia Aviation Pcl.
King Power’s chairman, billionaire Vichai Srivaddhanaprabha, and his family announced on Monday that they had bought a combined 39.82 percent stake in Asia Aviation for 7.95 billion baht. (Reuters)Thailand’s King Power Group, the nation’s largest duty free retailer, said it plans to spend 12 billion baht ($340 million) on buying the remaining 60 percent of Asia Aviation Pcl.
King Power’s chairman, billionaire Vichai Srivaddhanaprabha, and his family announced on Monday that they had bought a combined 39.82 percent stake in Asia Aviation for 7.95 billion baht.
Asia Aviation is a major shareholder in Thai Air Asia.
Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
