Dow Jones Newswires
BANGKOK -- Australian-based Ferrier Hodgson has been appointed to represent Robinson Department Store PCL (H.RDS)'s creditors in Robinson Planner Co., which has been set up to restructure Robinson Department's $463 million debt.
Krung Thai Bank PCL (H.KTB) said Monday it has taken a 29% stake in Kamonlkij Co. as part of the rice exporter's debt workout. The state-owned bank also took a 31% stake in Lanna Agribusiness Co., and 76% in Amorn-Chai Co., under debt restructuring agreements.
Bangkok Bank PCL (H.BBK), Thailand's largest bank, said Monday it has taken stakes in two small companies in lieu of debt repayments. The bank took a 58% stake in Kamonlkij Co., a rice exporter, and a 36% stake in Better Rice Co., a vegetable oil distributor.
Advance Agro PCL (H.AAP) said Monday it has repurchased 37,497 units of bonds from a total of 60,000 units coming due May 14, 2001. The units are priced at $1,000 each.
Thailand's stock exchange Monday suspended trade in four companies which face delisting. They must draw up business rehabilitation plans by July 5, or be delisted. The companies are: Srivara Real Estate PCL (H.SRE), Bumrungrad Hospital PCL (H.BHP), Robinson Department Store PCL (H.RDS), Nakornthai Strip Mill PCL (H.NSM). The bourse halted trade in the companies last year, but lifted the halt for one month until May 4 to allow investors to sell the stocks.
-Dow Jones Newswires Bangkok; 662-266-0744