DATAMAT PCL: Court Orders Business Rehabilitation Again
Company Reporter, June 20, 2007
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.