Troubles Mount for Thai Firm Hit by Accounting Scandal, Default bloomberg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloomberg.com Daily Mail and Mail on Sunday newspapers.
Troubles mount for Stark hit by accounting scandal bangkokpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bangkokpost.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Bondholders of Stark Corp. Pcl called for immediate payment of about $200 million after a special audit revealed accounting irregularities, the latest trouble for the Thai electrical components maker that’s defaulted on debt and seen its shares plummet to near-zero.Most Read from BloombergNoises Detected in Search for Titanic Sub as Oxygen DwindlesThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeWhat We Know
Leading real estate and retail developer Siam Piwat is preparing to issue the first-ever perpetual bonds to attract institutional and high-net-worth investors in the first week of August.