Thailand's Finance Ministry intends to dilute its holdings in Thai Airways International to 49.99% from 51.03% (Bangkok Post, 10-Jun-2011). THAI president Piyasvasti Amranand said the ministry would sell a stake of 0.04% to the Crown Property Bureau. Acting head of the THAI labour union, Jamsri Sukchotirat said the union remained opposing to turning the carrier from a state enterprise to a private company. The finance permanent secretary, Areepong Bhoocha-oom, said the ministry had not yet finalised the amount of THAI shares to be sold, adding the new government would have to approve the sale.
Thailand's Finance Ministry to trim Thai Airways stake
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