AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
Citic suspends talks on TPI debt buyout.
Byline: Busrin T.D. Chudasri
Jul. 5--Citic Petroleum Investments, a unit of the China International Trust and Investment Corp, has suspended its negotiations to invest in Thai Petrochemical Industry, the country's largest debt restructuring case.
The decision was announced even as the Central Bankruptcy Court yesterday ruled in favour of a petition by TPI founder Prachai Leophairatana to be allowed to conduct due diligence on the petrochemical company's books as part of the investment.
Early last month, Citic announced that it intended to form a joint venture with Mr Prachai, to purchase the 75 percent TPI stake now held by creditors and restructure $1.8 billion in existing debt.
But Citic director Peter Kwok, in a ...
- Prachai to learn fate of Citic deal on Monday.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 28, 2005 700+ words
...Industry Plc founder Prachai Leophairatana and his...partner can conduct due diligence on the company. Mr Prachai asked for court authority...any third party. Mr Prachai's petition to proceed with due diligence appears aimed at blocking...
- Court drops Prachai's bid to buy more TPIPL shares through swap.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 26, 2005 700+ words
...According to Mr Prachai's petition, the due diligence on the LDPE plant...300 million. Mr Prachai also asked the court...Mr Siri said Mr Prachai could quote a price...assessor to conduct due diligence on the plant in such...
- 'Show us the money,' bankruptcy court tells TPI founder Prachai.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 1, 2005 700+ words
...claims. "We want to see Mr Prachai show proof that he has the...a court official said. Mr Prachai said in a statement that he...Citic to conduct and finish due diligence within 90 days from now so...as soon as possible," Mr Prachai said. But a local lawyer...
- Prachai 'has right' to repay debt.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 3, 2005 700+ words
...Busrin Treerapongpichit Jun. 3--Prachai Leophairatana, the founder of Thai Petrochemical...Key to the case is the fact that Mr Prachai has personally guaranteed a considerable...by a guarantor without condition. "Mr Prachai has the right of repayment as a debt guarantor...
- Prachai defies SET's triple delisting threat.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) March 1, 2006 700+ words
...Ploy C.B. Treerapongpichit Mar. 1--Prachai Leophairatana is resisting a threat by the Stock...Bangkok Union Insurance faced delisting unless Mr Prachai resigned from each board. Mr Prachai was blacklisted from serving as a director following...
- TPI's Prachai loses control of company.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) May 3, 2006 700+ words
May 3--Prachai Leophairatana, the founder of Thai Petrochemical...shareholders, including PTT Plc. Mr Prachai, his wife and two brothers were promptly...opened a legal loophole, with both Mr Prachai as well as the former TPI debt planners...
- Way clear for revival following Prachai exit.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) July 21, 2006 700+ words
...years following the dismissal yesterday of Prachai Leophairatana, TPI's founder and former...the TPI plant in Rayong to dismiss Mr Prachai as a director, ahead of his scheduled...next week," he said. The removal of Mr Prachai, which had been sought by securities...
- Setback for Prachai as court affirms planner role.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) April 9, 2005 700+ words
...Bankruptcy Court yesterday dismissed a suit by Prachai Leophairatana, the founder of the troubled...planners, another issue raised in Mr Prachai's complaint, were legitimate and complied...verdict. "The court's dismissal of :Mr Prachai's: petitions removes any question about...
Source: HighBeam Research, Citic suspends talks on TPI debt buyout.