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Bangkok Post, Thailand, Business Briefs Column.
Jun. 3--TT&T EXPECTS TO TRIM DEBT BY B2-3BN: TT&T Plc says it is confident it can reduce its debt by between two billion and three billion baht this year from a total of 26.59 billion baht and reduce its debt-to-equity ratio from 2.23 to two times by year-end.
Senior vice-president Prasitchai Kritsanayunyong said that during the past five months creditors had exercised their rights to convert 500 million in debt to equity, out of a total of six billion baht held by creditors with conversion rights.
He said that if the stock market recovered, it was expected that more creditors would exercise their rights to convert another one billion baht in debt to ...
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