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Italian-Thai Development Debt Revamp Wins Approval.
Byline: Parista Yuthamanop
Apr. 5--The Central Bankruptcy Court yesterday approved a 12.85-billion-baht restructuring plan for Italian-Thai Development.
Judge Niracha Panichatra declared a petition by some dissident creditors opposed to the plan as void, noting that the concerns had not been raised during creditors' meetings and that the restructuring plan would allow repayment to all creditors.
Of the company's 20 billion baht debt, 12.85 billion would be covered under the restructuring through a debt buy-back at a discount and a partial swap of debt for new equity.
Remaining debt consists of unsecured liabilities and that held by ...
- Thai Airways Awards 640 Million Baht in Airport Contracts.
- Newspaper article from: Knight Ridder/Tribune Business News April 12, 2003 700+ words
...total cost of 640 million baht. The companies are Sino...Construction Plc, Promvivat Co, Italian-Thai Development Plc...centre worth 62 million baht, Promvivat for the parking...unit worth 106 million baht, Italian-Thai for the commercial...
- Thai Construction Contractor to Swap 12.85 Billion Baht Worth of Debt.
- Newspaper article from: Knight Ridder/Tribune Business News June 22, 2002 700+ words
...eight billion and 10 billion baht. "The earnings outlook for Italian-thai is much improved...much as 6.575 billion baht from debt restructuring this year. Italian-Thai posted a net loss of 2.5 billion baht in 2001, its third consecutive...
- Italian-Thai Development Says Restructuring Plan Depends on Court Ruling.
- Newspaper article from: Knight Ridder/Tribune Business News April 2, 2002 700+ words
...by a mandatory swap. Funds of 200 million baht raised from the rights, with 1.7 billion...repurchase debts of at least 1.9 billion baht. Italian-Thai shares closed yesterday at 20.40 baht, up 70 satang, in trade worth 18.27 million...
- Existing Shareholders Buy 50 Million New Shares of Italian-Thai Development.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) May 31, 2002 700+ words
...shares offered in Italian-Thai Development Plc at 10 baht each, the company...Thailand) Plc. Italian-Thai Development...251.28 million baht in the first quarter...more projects. Italian-Thai shares closed...yesterday at 36.50 baht, up 4.25 baht...
- Italian-Thai Development Debt Workout Proceeds.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) (via Knight-Ridder/Tribune Business News) April 13, 2002 700+ words
...its registered capital. Italian-Thai's debts total 12.85 billion baht. On Wednesday, the court...capital of 2.5 billion baht, divided into 250 million ordinary shares at 10-baht par. Italian-Thai will then increase...
- Italian-Thai Development.
- Magazine article from: International Railway Journal December 1, 2000 700+ words
Italian-Thai Development has won a Baht 5.73 billion ($US 134 million) contract from State Railway of Thailand (SRT) to extend the railway from Hua Mark by 46km to Chaserngsao. The project includes installation of signalling and telecommunications.
- Italian-Thai Development Plc to Hold Vote on Debt Restructuring.
- Newspaper article from: Knight Ridder/Tribune Business News December 5, 2001 700+ words
...one, under which Italian-Thai was to buy back five billion baht in debt at discounts...about three billion baht. "The trend of Italian-Thai has witnessed...rising to 20 billion baht or more by 2004. Italian-Thai last year had...
- Bankruptcy Court's View Sought on Italian-Thai Development Role.
- Newspaper article from: Knight Ridder/Tribune Business News March 20, 2002 700+ words
...source said. The Italian-Thai-led consortium...36.67 billion baht contract to construct...12.85 billion baht debt-restructuring. Italian-Thai has an estimated...build the airport. Italian-Thai shares closed yesterday at 18 baht, up 40 satang...