Bondholders in troubled Thai chipmaker Alphatec Electronics meet in Zurich today to decide whether to put the company into default over $450 million of overdue debt. The parties, who hold Alphatec's $45 million Eurobonds, could force the firm to close down with this action. Company officials have asked them for a delay in the decision, but the bondholders are expected to demand complete financial restructuring in return. Closure would force creditors into a complex battle to recover their money.
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