Creditors' victory ends protracted default saga at TPI

Article Abstract:

This article chronicles the struggles betweeen Thai Petrochemical Industry's management and its creditors over the restructuring of its $3.5 billion in debts. After 30 months of talks, Effective Planner Ltd. of Australia will prepare the restructuring plan.

Use of services, Organizational history, Accounting, auditing, & bookkeeping, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Management, Contracts, Accounting firms, Accounting services, Effective Planner Ltd.

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TPI restructuring gives creditors management control

Article Abstract:

Thai Petrochemical Industry PCL's restructuring of its debt gives management control of the firm to creditors. The company has $3.7 billion in debts.

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TPI's creditors approve a plan to restructure $3.7 billion in debt

Article Abstract:

Thai Petrochemical Industry's (TPI) debt restructuring plan has been overwhelmingly approved by creditors. TPI has debt worth $3.7 billion (4.41 billion euros).

Planning, Debt prepayment

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