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Asian Paper Giant Survives Debt Saga As Creditors Fume.

Authors :
Mapes, Timothy
Source :
Wall Street Journal - Eastern Edition. 8/15/2003, Vol. 242 Issue 33, pA1-A5. 2p. 1 Chart.
Publication Year :
2003

Abstract

Focuses on the turbulent times of Asia Pulp & Paper Co. (APP) and the Widjaja family that controls the corporation. Brief history of how the company got started; Amount of debt incurred by the company as of 2001, eventually leading to action taken by Indonesian regulators and their shares being kicked off the New York Stock Exchange; View of experts that APP is involved in the biggest and most complex corporate-debt workout in emerging-markets history; Efforts taken by the Widjaja family to remain in control of the company; Focus of governmental investigation into the company's ties to the former regime of President Suharto.

Details

Language :
English
ISSN :
00999660
Volume :
242
Issue :
33
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
10563903