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DAIDOMON GROUP: Expects to Submit Rehab Plan on January 9, 2008
The Daidomon Group PCL is expecting to submit a business rehabilitation plan on January 9, 2008, a disclosure with the Stock Exchange of Thailand says.
According to the disclosure, the company, as planner, awaits information on the official receiver's inquiry into 23 out of 50 creditors who applied for debt repayment under the rehabilitation plan. The company had earlier objected to these applications, the disclosure adds.
Headquartered in Bangkok, Thailand, Daidomon Group Public Co. Limited -- http://www.daidomon.co.th/ -- operates barbecue and Japanese food restaurants under the brand name of Daidomon. The group's products include barbecue, dessert and drinks, and bottled sauce. The company is currently undergoing rehabilitation.
The Troubled Company Reporter-Asia Pacific reported on Feb. 16, 2007, that Daidomon Group had total assets of US$12.92 million and a total capital deficiency of US$8.51 million.
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