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Strategic partner deals in the works.
(From Bangkok Post)
Details on the new strategic partners of Thai Petrochemical Industry Plc are to be finalised within one month, according to Suparut Kawatkul, a permanent secretary at the Finance Ministry.
He also said that details on TPI's 17-billion-share offering, including pricing and placement details, would be set over the next month.
The new shares would be offered to new investors, creditors and existing shareholders, including Prachai Leophairatana, the TPI founder. The offering is part of TPI's new debt restructuring plan, drafted by a ministry-appointed team and approved by the Central Bankruptcy Court earlier this month.
Mr …
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