Byline: Amornrat Mahitthirook
Jul. 21--The debt-restructuring plan of the skytrain operator Bangkok Mass Transit System Co (BTSC) remains stalled despite the insistence from the company's board chairman, Kasame Chatikavanij, that the scheme presented to the board and shareholders at a meeting yesterday be final.
Keeree Kanjanapas, BTSC's chief executive officer, said in the plan presented, modifications were needed to satisfy the creditor banks but that the major elements agreed to earlier remained intact.
The company's 39-billion-baht debt-restructuring plan calls for 12 billion baht in debt to be swapped for convertible debentures and 14 billion …
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