According a statement from Kasikornbank, the group of creditors consisting of the bank, Bangkok Bank, Siam Commercial Bank, Bank of Ayudhya and HSBC in Thailand hosted an urgent meeting Friday morning to discuss possible solutions for Thai Silp.
"We're committed to lend financial assistance to the company under a sound business plan or a business rehabilitation plan," the statement said.
The financial institutions are ready to send in experts to help the company's owners draft the rehabilitation plan. They will also seek a meeting with the company's owners on Monday for further discussion.
- The Nation