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DAIDOMON GROUP: Seeks Until March 11 To File Rehabilitation Plan
Daidomon Group PCL said in a filing with the Stock Exchange of Thailand that is has asked for an extension until March 11 to file a business rehabilitation plan with the Central Bankruptcy Court.
The company says that it's currently in the process of examining details to be included in the plan.
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.
The Central Bankruptcy Court of Thailand ordered on Aug. 29, 2007, for the rehabilitation of the business of Daidomon, and left it to the company's hand to come up with a plan that would restructure its business.
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