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Change in Procedures Will Not Affect Plans of Thai Asset Management Corp.
Aug. 7--A change in valuation procedures for assets pledged as collateral for bad loans to be transferred to the Thai Asset Management Corp will not delay operating plans, according to Yodchai Chusri, the TAMC managing director.
The state-owned agency plans to take over 300 priority multi-creditor cases, worth 400 billion baht, from local banks by the end of the month.
The TAMC board recently approved the use of central bank valuation procedures instead of using values set by the Land Department.
Local banks had ...
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