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Thai AirAsia to delay Thai IPO from Q2011 until 1Q2012 - CIMB Securities

19-Sep-2011 4:25 PM

Thai AirAsia has reportedly decided to delay its planned Thailand IPO from 4Q2011 until 1Q2012, CIMB Securities said to Dow Jones Newswires. The postponement is due mainly to the time-consuming process of compiling the necessary documentation and there are no legal obstacles to the planned deal, said Sittichai Mahaguna, head of corporate finance and equity capital market at CIMB Securities (Thailand), one of the joint-lead underwriters of the IPO.