Piltel meets all debt-restructuring conditions

Piltel, the subsidiary of First Pacific (0142), has met all conditions for debt restructuring, which will be finished under the cooperation of most of loaners.

 According to an agreement, about US$777 mln debts will be restructured after main restructuring agreement is taken into effectiveness on June 4. Piltel fell into debt-ridden over expansion of mobile phone services.

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