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Bangkok Post, Thailand, Business Briefs Column.
Jun. 4--DEBT DEAL DONE FOR LOP BURI PLAZA: Phayathai Asset Management has finalised a debt restructuring worth 550 million baht for Lop Buri Inn Plaza Co, the owner of a retail complex in Lop Buri.
Managing director Veera Chantajaeng said that the Thai Military Bank affiliate had written off 90 million baht in debts and accepted the transfer of assets worth 130 million baht.
The company would extend further credit lines to Lop Buri Inn Plaza to complete constructions and would be prepared to extend credit to retail customers of the project, said Mr Veera.
The project consists of 50,000 square metres of retail space, on which 80 percent of ...
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Source: HighBeam Research, Bangkok Post, Thailand, Business Briefs Column.