The country’s largest hot-rolled steelmaker, Sahaviriya Steel Industries Plc (SSI), may be able to move forward with its business rehabilitation plan this month if the Central Bankruptcy Court approves the plan.
The court is scheduled to make a ruling on Dec 15.
Hot-rolled coil production at the SSI plant in Prachuap Khiri Khans Bang Saphan district.
If the court agrees with SSI’s rehabilitation plan, the steelmaker’s three lenders — Krungthai Bank (KTB), Siam Commercial Bank (SCB) and Tisco Bank — can turn their defaulted loans into performing loans, said Parinya Patanaphakdee, senior executive vice-president and head of the credit restructuring and asset management group at KTB.
“If the court rules in fa…
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