King Power buys stake in Thai Air Asia

Thai duty free giant King Power, owned by billionaire Vichai Srivaddhanaprabha, has bought a US$ 225 million stake in Thai Air Asia, representing 39 percent of the company. It is now the second largest shareholder.

King Power CEO Aiyawatt Srivaddhanaprabha yesterday said the purchase represents new business opportunities, according to an article on The Straits Times website.

King Power also owns British football team Leicester City, which won the Premier League in 2016 for the first time in its 132-year history.

Follow @BizReviewAsia

Share
Share

Featured Articles

Create C-suite space for the Chief Transformation Officer

Responsible for driving growth and change, the Chief Transformation Officer is the latest addition to the C-suite as business undergoes major change

12 AI predictions for the enterprise in 2023 – Dataiku

With 2023 likely to be a huge year for AI, experts from AI platform provider Dataiku deliver their enterprise AI and ML trends for the year ahead

Welcome to the new breed of private members' clubs

The pandemic has given birth to a new breed of private members’ clubs where work and play merge, membership and spaces are curated, and community matters

Welcome to the New Age of the CISO

Leadership & Strategy

Making the UAE the world’s strongest digital fortress

Technology

World Mental Health Day – 10 apps to improve wellbeing

Leadership & Strategy