The Cooperative Promotion Department (CPD) has established a panel to study proposed increased investment in Thai Airways International (THAI).
Wisit Srisuwan, the department's director-general, said that a subcommittee on investment under the National Committee on Cooperative Development (NCCD) on Friday considered a proposal that 87 cooperatives, all of them THAI creditors, be allowed to invest in debentures to raise capital and buy THAI's shares so they can convert debt into equity shares.
