PUBLISHED : 26 Oct 2023 at 09:24
Four financial creditors of Phelps Dodge International (Thailand) (PDITL), a subsidiary of the scandal-plagued, SET-listed Stark Corporation, have jointly filed for the rehabilitation of Stark’s cable-making unit to the Central Bankruptcy Court, according to the company’s filing to the Stock Exchange of Thailand (SET).
Stark informed the SET that Kasikornbank, Siam Commercial Bank and the Thai units of United Overseas Bank and the Industrial and Commercial Bank of China, as the creditors of PDITL, have jointly filed for the company’s rehabilitation with the bankruptcy court.
“On Oct 23 PDITL received a copy of the Central Bankruptcy Court’s order dated Oct 17 that prescribed an order to accept the…
