Thailand-based duty-free conglomerate King Power International Group purchased a 39% shareholding in low-cost carrier Thai AirAsia (TAA) in June, giving it a controlling stake. King Power paid around THB7.95 billion ($303 million) for the shares, which it bought from original investor and Thai AirAsia CEO Tassapon Bijleveld. Tassapon will retain a 5% holding in the company. Local media reports indicate King Power is also looking to increase its stake in the coming months. King Power CEO ...

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