RICH defaults, hit by debts | Bangkok Post: business

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RICH defaults, hit by debts

17 Jan 2017 at 04:00

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SET-listed Rich Asia Corporation Public Plc (RICH), a maker and distributor of steel pipes, has defaulted on 805.9 million baht in debt owed to a bank and is struggling to pay debts due within the next few months, leading the company to seek talks with creditors as well as restructure its financial operation in order to repay all debts.

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