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Thai Debt-Restructuring Firm Seeks to Broaden Its Horizons.
Byline: Nuntawun Polkuamdee
Nov. 4--Debt restructuring and distressed asset recovery has been a huge enterprise since the 1997 economic crisis, with dozens of consultancies and specialist funds borne out of the country's urgent need to deal with the problems of non-performing loans.
Now one of the oldest debt-restructuring firms, Bangkok Commercial Asset Management Co, wants to use the expertise gained to expand business into other fields, including through a possible listing on the Stock Exchange of Thailand.
The state-owned BAM was set up in 1997 by the Financial Institutions Development Fund to oversee bad loans from the defunct Bangkok Bank ...
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