Thailand's Aromatics seeks approval of resolutions from holders of 5½% notes

By Susanna Moon

Chicago, Oct. 1 - Aromatics (Thailand) PCL said it plans to propose resolutions to holders of its $300 million 5½% notes due 2012.

A meeting will be held on Oct. 24 to authorize a supplemental agreement, to approve the terms of the amalgamation of Aromatics with Rayong Refinery PCL and to waive certain provisions of the notes.

The resolutions require approval from at least three-quarters of the votes cast.

The issuer is a petrochemical company based in Bangkok.

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