Major creditors have agreed to infuse fresh liquidity into cash-strapped Italian-Thai Development (ITD) Plc, to support the company’s business operations without requiring a rehabilitation plan.
Chartsiri Sophonpanich, president of Bangkok Bank (BBL) and a major ITD creditor, emphasised ITD’s robust long-term business potential despite encountering short-term liquidity challenges.
BBL, alongside other major creditors, stands prepared to extend financial assistance to ITD, he said.
“BBL is committed to assisting the customer by providing supplementary liquidity, working capital and facilitating debt restructuring. In addition, every major creditor has assisted ITD with its debt restructuring efforts, so ITD does…
