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Asia Aviation to sell Thai AirAsia shares in IPO

Asia Aviation PCL, the major shareholder of budget carrier Thai AirAsia, said today it is selling 1.21 billion shares in the airline to raise up to 4.48 billion Thai baht (US$142.75 million) in an initial public offering (IPO) in a move to increase its stakes and expand the airline, China’s Xinhua news agency reported.


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