New investor agrees to inject $100m into AirAsia’s Thai unit as part of restructuring

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An unnamed investor has agreed to inject up to 3.15 billion baht ($100.41 million) into the Thai unit of AirAsia Group Bhd as part of a restructuring plan proposed by parent company Asia Aviation PCL , a Tuesday filing said.

The investor will provide the amount via an interest-free convertible loan or bond, an Asia Aviation filing posted by AirAsia on the Kuala Lumpur Stock Exchange showed.

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