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Thai Petrochemical Planning Team Says Some Non-Core Assets Worth Keeping.
Byline: Busrin Treerapongpichit
Oct. 3--Thai Petrochemical Industry Plc (TPI) is reviewing its plan to sell off some of is non-core assets as recommended by Effective Planners, its former business rehabilitation planner.
Under a restructuring plan now under review by the new TPI planning team, non-core assets such as power plants, port facilities, tank farms and land, as well as TPI's 49 percent stake in cement producer TPI Polene, were to be sold to reduce debt. The plan was approved by the Central Bankruptcy Court in 2000.
"Each asset is an integral part of TPI's core operation that is crucial for it to help generate substantial income," said ...
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Source: HighBeam Research, Thai Petrochemical Planning Team Says Some Non-Core Assets Worth...