South Asian Petrochem to vote on plans to issue up to $20 million in convertibles

By Devika Patel

Knoxville, Tenn., Nov. 16 - South Asian Petrochem Ltd. informed the Bombay Stock Exchange that it will hold an extra ordinary general meeting on Dec. 8 to consider plans to issue up to $20 million in convertibles. The company's board of directors approved the bond issue on Nov. 8.

Based in Kolkata, India, South Asian Petrochem is a manufacturer of bottle-grade polyethylene terephthalate resin.

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