Lonsum appoints HSBC

JAKARTA (JP): Publicly listed plantation company PT PP London Sumatra (Lonsum) announced yesterday that it had appointed HSBC Investment Bank Plc. as coordinator of its debt restructuring with external creditors.

The company said that it would continue to hold separate negotiations with its counter-party banks on forward transactions entered into in the middle of last year. Repayment of these contracts had been deferred during the mediation process.

The company also announced that it had appointed Henry E. Dubois as acting chief financial officer until the annual general meeting of its shareholders in June. (gis)