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Byline: Soonruth Bunyamanee
Nov. 1--PTT Plc is ready to inject capital into Rayong Refinery Co, in which it holds a 36 percent stake, if it is offered attractive financial conditions by the refinery's creditors, according to Pichai Chunhavajira, PTT's senior executive vice-president for corporate finance and accounting.
He said the company intended to undertake negotiations with creditors, mostly overseas financial institutions, for the refinery's capitalisation.
Earlier, PTT had denied plans to invest any additional funds in its refinery affiliates, including Rayong Refinery, in which Shell Thailand is the majority shareholder, and Star ...
Source: HighBeam Research, More Funds for Thailand Refinery Possible.