APP plans to seek listing

Article Abstract:

Asia Pulp and Paper Co. (APP) is considering listing shares on the Hong Kong Stock Exchange in an effort to raise some $500 million. The plan, which many sources claim would be carried out by the end of 1999, is believed to be part of a major expansion scheme. The company has also announced plans to consolidate its Indonesian pulp and paper production into a single entity, after which the company would enlist shares on Singapore's lucrative stock market. APP officials refuse to provide additional details on the plan.

Hong Kong, Securities issued, listed, China, Paper products industry, Securities

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APP faces class actions in the U.S

Article Abstract:

Asia Pulp and Paper Co. is facing a lawsuit alleging the issuing of misleading information, which falsely inflated share prices. The company's directors and its auditor Arthur Andersen are also named in the lawsuit filed by securities holders at a U.S. District Court.

Government regulation (cont), Cases, Financial misrepresentations, Financial misrepresentation

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APP irks big bondholders

Article Abstract:

Some of the bond investors of Asia Pulp and Paper Co. are upset that the company is paying interest to some of its creditors while asking for help with debt restructuring. The bondholders are threatening to accelerate the bonds and take legal action if necessary.

Stockholder data, Investor relations

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