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Orient Thai Airlines plans listing after tie-up.
Byline: Boonsong Kositchotethana
Jul. 6--Privately owned Orient Thai Airlines, better known locally for its One-Two-Go budget carrier, is in talks with a major Hong Kong-based real estate business about forming an alliance ahead of listing on the Thai stock market early next year.
The Hong Kong company, described as one of the territory's top 10 real estate players, would swap a 25 percent stake for an equal number of Orient Thai shares under the deal being discussed.
Udom Tantiprasongchai, the chief executive and owner of Orient Thai, said the discussions were 80 percent completed and a full agreement was expected within a month's time.
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