AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Thai Petrochemical Industry Creditors Appoint New Plan Administration Team.
Jul. 8--Creditors of Thai Petrochemical Industry (TPI) yesterday voted to appoint a new five-person team as the new plan administrator.
But several foreign creditors, including the International Finance Corp, German development bank KfW and Citicorp, abstained from yesterday's vote. Banks holding combined debt claims of around 30 billion baht abstained.
The US Export-Import Bank and other creditors, holding 4.4 billion baht in debt, voted against the appointment.
Creditors accounting for more than 93 percent of those casting votes and representing debt worth 61.4 billion baht, voted to approve the new team appointed by the Finance Ministry as TPI's planner. Banks voting in favour included Bangkok Bank, the largest creditor, Bank of Ayudhya and Krung Thai Bank.
The new planning team is led by Gen Mongkol Ampornpisit, also chairman of Krung Thai Bank, Thanong Bidaya, Aree Wong-araya, Pala Sookawesh and Pakorn Malakul na Ayudhya.
Mr. Pala, a former governor of state oil giant PTT Plc, will be the new TPI chief executive officer, while Mr. Pakorn, a former central bank deputy governor, will serve as chief financial officer.
The Central Bankruptcy Court last month, in a precedent-setting decision, named the Finance Ministry as the new planner to help ease ongoing conflicts between creditors and TPI founder Prachai Leophairatana.
- Thai Petrochemical Industry Creditors Supportive of New Management.
- Newspaper article from: Knight Ridder/Tribune Business News July 4, 2003 700+ words
...German development bank. The new team is led by Gen Mongkol Ampornpisit, also chairman...Pakorn Malakul na Ayudhya. Gen Mongkol said Mr Pala, a former governor...named as plan administrator, Gen Mongkol said. Creditors will meet...
- Thai Petrochemical Industry Director Pitches Restructuring Plan.
- Newspaper article from: Knight Ridder/Tribune Business News July 22, 2003 700+ words
...new planning team headed by Gen Mongkol Ampornpisit. Its members also...sea port like Mab Ta Phut. Gen Mongkol said the new team would revise TPI's debt...US$200 million in capital. Gen Mongkol said the team would study whether...
- Court Approves New Plan Administrators for Thai Petrochemical Firm.
- Newspaper article from: Knight Ridder/Tribune Business News July 12, 2003 700+ words
...planning team, comprising Gen Mongkol Ampornpisit, Pala Sookawesh...chief financial officer. Gen Mongkol said he and Mr Aree would...owed to 140 creditors. Gen Mongkol, also chairman of Krung Thai Bank, said the new team's focus was on reviving...
- Thai Petrochemical Industry Creditors Appoint New Plan Administration Team.
- Newspaper article from: Knight Ridder/Tribune Business News July 8, 2003 700+ words
...voted to approve the new team appointed by the...planning team is led by Gen Mongkol Ampornpisit, also...support for the new team, Mr. Prachai yesterday...Prachai said. But Gen Mongkol and Finance Minister...TPI operations. Gen Mongkol said ministry ...
- New Planner for Thai Petrochemical Firm Moves to Fix Credit Line.
- Newspaper article from: Knight Ridder/Tribune Business News July 17, 2003 700+ words
...for working capital. Gen Mongkol Ampornpisit, the team...planning team headed by Gen Mongkol. Its members also include...appoint a planner. The new team replaced Mr Prachai...of power yesterday. Gen Mongkol said the planning team...
- Two More on Board Thai Petrochemical Team.
- Newspaper article from: Knight Ridder/Tribune Business News July 2, 2003 700+ words
...The two will join three others named earlier this week: Gen Mongkol Ampornpisit, chairman of Krung Thai Bank; Pala Sookawesh...remained. "We would like to see additional details. But if the new team can clarify several issues, we will likely vote in favour...
- New team boosts Lloyd's Register in Aberdeen; Lloyd's Register EMEA has...
- Press release article from: M2 Presswire June 11, 2008 700+ words
...11 June 2008-Lloyd's Register: New team boosts Lloyd's Register in Aberdeen; Lloyd's Register EMEA has appointed a new team to broaden its existing oil and gas consultancy...offered by Lloyd's Register EMEA. The new team will be based at one of the Lloyd's...
- Rating Agencies: Fitch Forms New Team Aimed at Evaluating Public-Private...
- Magazine article from: The Bond Buyer Hanson, Matthew February 28, 2007 700+ words
...scheduled to announce today the creation of a new team dedicated to rating the credits surrounding...project finance around the globe. The new team will comprise a mixture of Fitch analysts...bonds group, will be in charge of the new team's work in the Americas. Other public...
