Prasit Patana was in trouble with shares suspended from trading and owned mostly by local and Singapore-based banks that had converted their debt to equity.
FORBES: Art Of The Deal
2.
In 2003 the Ourairat family, founders of the Phyathai Group, sued Wichai, claiming the debt restructuring he engineered with the banks diluted their stake in Prasit Patana to just 3%.