NokScoot gets US$6.6m loan from major shareholder
NokScoot has obtained a Bt200m (US$6.56m) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s CE, Wutthiphoom Jurangkool. Nok says the 1-year note was issued Dec 12,2019 and will be used by NokScoot for working capital and general operation purposes. The shareholder loan was approved at Nok’s board meeting held Jan 23. The loan carries an interest of 6.3%, which is below the average minimum loan rate of 6.93% offered by locally registered commercial banks. No collateral was required from NokScoot. Nok Air and Scoot each own a 49% stake in NokScoot, while the remaining 2% is held by Pueannammitr Company. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-27/unaligned/nokscoot-gets-us-6-6m-loan-from-major-shareholder
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NokScoot gets US$6.6m loan from major shareholder
NokScoot has obtained a Bt200m (US$6.56m) loan from a major shareholder of Nok Air in the form of a promissory note. This was issued by Hatairatn Jurangkool, who owns 24.4% of Nok and is the mother of Nok’s CE, Wutthiphoom Jurangkool. Nok says the 1-year note was issued Dec 12,2019 and will be used by NokScoot for working capital and general operation purposes. The shareholder loan was approved at Nok’s board meeting held Jan 23. The loan carries an interest of 6.3%, which is below the average minimum loan rate of 6.93% offered by locally registered commercial banks. No collateral was required from NokScoot. Nok Air and Scoot each own a 49% stake in NokScoot, while the remaining 2% is held by Pueannammitr Company. <br/>
