Sample Stories for Troubled Company Reporter - Asia Pacific

The Central Bankruptcy Court of Thailand has again ordered the rehabilitation of Datamat PCL, according to a company disclosure
with the Stock Exchange of Thailand.

The Court also appointed the company as the planner for its business rehabilitation.

Headquartered in Bangkok, Thailand, Datamat Public Co. Limited -- http://www.datamat.co.th/ -- distributes computers, provides computer technology services, and maintains computer and software system.  It also provides software services using programming and Java technologies, including a distributor of software system and computer equipment of image processing.

The company is currently categorized under the "Non-Performing Group" sector of the Stock Exchange of Thailand.

Datamat was ordered by the Central Bankruptcy Court on August 11, 2005, to rehabilitate its business.  Advance Planner Co., Ltd, was then appointed as Datamat's plan administrator on October 12, 2005.  

Datamat, in an October 18, 2006 filing with the Stock Exchange of Thailand, disclosed that the Bankruptcy Court has ordered the cancellation of the company's rehabilitation plan due to disagreements among the parties involved.