Saturn Petrochemical Holdings Limited to Hold Titan Petrochemicals Group Limited Bondholders' Conference Call on Restructuring Proposal
HONG KONG, Aug. 31, 2012 /PRNewswire/ -- Saturn Petrochemical Holdings Limited ("SPHL"), an affiliate of Warburg Pincus LLC, and SouthernPec Corporation have formed a joint venture company for the purposes of submitting a detailed proposal ("Proposal") to restructure Titan Petrochemicals Group Limited ("Listco") to joint provisional liquidators, who are expected to be appointed by the Bermuda Court on September 18, 2012, pursuant to a petition and a summons filed by SPHL on July 5, 2012 and August 24, 2012 respectively.
SPHL will host a Listco bondholders' conference call to outline the Proposal at
5:00p.m. Beijing/Hong Kong Time on Tuesday, September 4, 2012.
| Participants Dial-In Numbers: |
|
| International Toll Dial-In Number: |
+65 67239381 |
| Local Dial-In Number(s): |
|
| Australia, Sydney |
+61 290090733 |
| China, Domestic |
4006208038 |
| China, Domestic |
8008190121 |
| Hong Kong |
85224750994 |
| United Kingdom, London |
+44 2030598139 |
| United States, New York |
17183541231 |
| International Toll Free Dial-In Number(s): |
|
| Australia |
1800457076 |
| Hong Kong |
800930346 |
| United Kingdom |
08082346646 |
| United States |
18665194004 |
| Conference ID: 26603977 |
For media enquiries, please contact:
Pui Shan Lee
FTI Consulting
+86 21 5108 8002 ext.178
[email protected]
SOURCE Saturn Petrochemical Holdings Limited
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