Pitharn Ongkosit

Overview

Pitharn Ongkosit is a Thai individual investor who, along with five other Thai investors, collectively invested THB 1 billion in Asia Aviation Public Company Limited (AAV) during a capital raise in 2021. This investment made them shareholders in Thai AirAsia, a major low-cost airline in Thailand. The capital raise was part of AAV's efforts to bolster liquidity and prepare for the return to international service amid the challenges posed by the COVID-19 pandemic. The investment was structured through a private placement of 571,428,572 shares at an issue price of THB 1.75 per share, amounting to THB 1 billion. This move was part of a broader capital-raising strategy by AAV, which included issuing convertible bonds and new ordinary shares to both new and existing shareholders. The funds were intended to support the company's operations and expansion plans, particularly in the aviation and tourism sectors. Pitharn Ongkosit's involvement in this capital raise highlights his active participation in the Thai investment landscape, particularly in sectors poised for recovery and growth post-pandemic. His investment aligns with the strategic objectives of AAV to strengthen its financial position and enhance its service offerings in the competitive aviation market.

Investment Focus

• Active participation in the Thai investment landscape
• Interest in sectors poised for recovery and growth post-pandemic

Portfolio Companies