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TAMC considering NFC's loan request.

Asia Africa Intelligence Wire

| January 02, 2002 | COPYRIGHT 2002 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

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 ...

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