Creditors give nod

Pam & Frank International yesterday said all creditors of its subsidiary have given non-binding approval to a preliminary debt-restructuring plan released on June 14. The subsidiary, Pam & Frank Industrial, has 360 creditors with claims of HK$828 million. Pam & Frank will submit a progress report to the court on the restructuring plan of its subsidiary by September 27, following court orders on July 10.