Bangkok--12 Oct--Bangkok Bank
Bangkok Bank Vice Executive Chairman Deja Tulananda (2nd from right) and Senior Executive Vice President Suvarn Thansathit (right) and Millcon Steel Chairman General Winai Phattiyakul (2nd from left) and Chief Executive Officer and President Sittichai Leeswadtrakul (left) signed a loan agreement valued at Baht 7 billion. The funds will be used to strengthen the company’s financial status and prepare for acquiring assets from TSSI company, as Millcon Steel has won the Legal Execution Department’s auction. Millcon Steel has restructured its finances and operations to strengthen its business and grow sustainably by raising registered capital through a rights’ offering valued at Bt 1.5 billion. The company aims to reduce its debt-to-equity ratio to 1.0 within three years.