09 November 1999
THE ADDITIONAL INFORMATION OF DEBT RESTRUCTURING
Our Ref : ST./1999/1059
9 November 1999
Subject : The additional information of debt restructuring
Attention : President
The Stock Exchange of Thailand
According to our letter to the SET, November 9, 1999, ref no. ST/1999/1057 on
subject of debt restructuring, the company would like to inform additional information of debt
restructuring as follows :
Debt Restructuring under Court
The Benefits for the company
? The company will be protected from debt restructure throughout the plan.
? All debtors will be protected from debt restructure throughout the plan
? All debtors received tax benefits from debt restructure
? The court's command will make the new debtors' confidence.
The process of debt restructuring plan under the Bankruptcy Court
? The company will proceed to file a petition with the Bankruptcy Court within this
November.
? The court will inquire the petition within 1 month after receiving the petition and
appoint the plan's processor ( in case of the debtors agree to appoint the
company as the plan's processors). The court will declare in Rajjakijjanubeksa.
? The plan's processor will file plan to the court within 3 months.
? The company will convene the meeting with the debtors in order to find out the
resolution.
? The company will proceed plan and inform the court through the timetable.
? The company will proceed to file exit from the court after the plan finishes.
Please be advised and disclosed to investors and public.
Truly Yours,
( Mr.Teerapong Wichiranon)
Business Development Department
Vice President