Lonsum appoints HSBC

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)