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Article: TGP planning tie-up, NATION
- Article from:
- The Nation (Thailand)
- Article date:
- November 24, 1998
- Author:
CopyrightProvided by ProQuest LLC. (Hide copyright information)
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SUPUNNABUL SUWANNAKIJ
The Nation (Thailand)
11-24-1998
THAI Gypsum Products Plc (TGP), a debt ridden construction materials
producer, has decided to negotiate with British Plaster Board (BPB), the
world's largest gypsum board maker, for equity partnership in its local
operation, subject to creditors' approval.
TGP, with a debt of Bt5.3 billion, is expected to gain creditor
approval for its debt restructuring plan in a meeting to be held by end
of this month. The choice of British Plaster Board was made by TGP after
a consultant's suggestion of Australian firm, Boral.
Boral competes with TGP in Asian markets. BPB which recently took more
than 50 per cent of TGP's operation in China, is planning to ...
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