At the moment Thai AirAsia (TAA) is 55% owned by Asia Aviation (AAV) plc, which is listed on the Stock Exchange of Thailand, and 45% owned by AirAsia Group Berhad (from Malaysia).
On 20th October, AAV announced a shareholding restructuring plan which will provide Bt14bn (about USD419mn) of new capital by issuing convertible bonds and new shares to new and existing shareholders. It appears that at the end of this process, AAV will own all the shares in TAA and the previous major shareholder, AirAsia Group Berhad, will own no shares. The full announcement is 70 pages long...I have attached the 1-page version.
asia-aviation-plc-formulates-new-restructuring-plan-capital-raising-strategy-for-sustained-service-and-in-support-of-nation-s-reopening.pdf