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More Funds for Thailand Refinery Possible.

Bangkok Post (Bangkok, Thailand)

| November 01, 2002 | COPYRIGHT 2002 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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Source: HighBeam Research, More Funds for Thailand Refinery Possible.

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