New loans to Saha Farms proposed
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Krungthai Bank Vorapak Tanyawong insisted that Saha Farms, its ailing debtor, does not need a new partner for now.
He said that talks on business rehabilitation plan with Saha Farms continue, without any plan for the debtor to find a new partner.
He noted that company's business potential remains bright thanks to high demand. KTB also resolved on two proposals: an emergency credit facility and a syndicated loan which will be participated by other creditors.
There will be a discussion with other bank creditors, he said.
KTB is the biggest creditor of Saha Farms, the country's biggest chicken producer and exporter.
