2-Apr-2013 11:51 AM

TransAsia Airways to sell 50 million shares, seek foreign strategic investors

TransAsia Airways board passed (27-Mar-2013) a proposal to sell up to 50 million shares over the next year to increase its working capital and repay loans. The carrier said it has set its sight on two foreign strategic investors, although details are pending its next board meeting in May-2013 (Taipei Times, 29-Mar-2013). In Oct-2011, TransAsia Airways raised TWD898 million (USD30 million) from strategic foreign investors. [more - original PR - Chinese]