(Adds details of debt plan)

BANGKOK, March 6 (Reuters) - Creditors of loss-making Jasmine International Plc on Thursday approved a plan to restructure the Thai telecoms group's total debt of 11.8 billion baht ($275.8 million), a creditor source said.

But the plan is still opposed by some creditors who intend to file a petition against it before the Central Bankruptcy Court because the lenders would be repaid at different levels ranging from 19.58 percent to 100 percent of their exposures.

Jasmine, founded by Commerce Minister Adisai Bodharamik, filed a petition late last year to restructure its debts under the supervision of the Central Bankruptcy Court.

"About 59 percent of creditors voted in favour of the plan," the creditor, who declined to be indentified, told reporters. The plan needed over 50 percent support to pass.

The creditor said more than 70 percent of the total debt would be written off, leaving Jasmine with 3.2 billion baht debt to be repaid over the next nine years.

He said creditors would convert some debts into 18 million shares, and Jasmine would also issue 30 million new shares to a group of investors to raise funds for debt repayment.

A jasmine official, who declined to be identified, said about 30 lenders, representing 40 percent of the firm's debt, would submit a petition to dispute the plan.

The firm has a total of 44 creditors, which include Bangkok Bank Plc , Thailand's biggest commercial bank, and HSBC Bank Plc .

Jasmine operates a wide range of telecoms-related businesses, from a submarine cable network to satellite and Internet. It also has an interest in provincial fixed-line operator TT&T Plc .

Jasmine shares hit a seven-month high last month on hopes the company would succeed in restructuring its debt.

The stock gave up an early seven-percent gain on Thursday and closed down 2.7 percent at 4.34 baht. The overall Thai stock market was down 0.26 percent.

Jasmine has registered capital of four billion bath, consisting of 400 million shares with a 10-baht par value. It posted a net loss of 1.26 billion baht in 2002 versus a profit of 677 million baht in 2001. ($1=42.78 baht)