View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 15, 1998

ALPHATEC CREDITORS DROP RESCUE PLAN

By CBR Staff Writer

Thai chipmaker Alphatec Electronics Plc after creditors turned down a rescue plan put forward by an investment company owned by Swedish telecommunication firm Ericsson AB and American International Group. The investment companies offered to put in $40m for a five-year restructuring plan in return for an 80% stake in the equity (CI No 3,551), but at a meeting on Monday, creditors led by Rung Thai Bank turned down the scheme claiming it was an attempt to write down debts rather than rehabilitate the company.

Content from our partners
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape
Green for go: Transforming trade in the UK

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU