Seeks clarity on repayment methods
Stark Corporation, the SET-listed and financially troubled wire and cable manufacturer, has insisted it will not pay any debts until the company reaches agreements with every bondholder and creditor about the repayment methods.
Vonnarat Tangkaravakoon, acting chief executive and largest shareholder of Stark, said in a filing to the Stock Exchange of Thailand (SET) that negotiations are ongoing with all major financial creditors to reach an understanding on the firm’s situation.
“The company plans to withhold the payment of…
