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Thai Asset Management Corp (TAMC) is calling for a letter of intent from National Fertilizer Company Plc (NFC)'s creditors before approving a loan of 900 million.
The loan request was submitted to the TAMC because NFC is short of money to buy raw materials for a production of fertilizers for the next crop season. PTT Plc as its major shareholder has announced a financial assistance will no longer be provided to non-core businesses.
NFC chief executive Wisanu Niwesmarintra said loan approval may be delayed since TAMC which is also helping the company formulate a debt ...