JAKARTA – PT Estetika Tata Tiara Tbk (BEEF) will make instalments to pay off its obligations to 144 creditors starting late March 2023. The commitment is made in accordance with the homologated decision regarding the Suspension of Debt Payment Obligation (PKPU) by the Commercial Court of Central Jakarta District Court dated October 5, 2022.

Ratna Sari, Corporate Secretary of Estetika Tata Tiara, confirmed that the company is corresponding with its creditors. “We will pay back the creditors that have been verified according to the PKPU, gradually,” she mentioned in the information disclosure quoted Wednesday (22/2).

BEEF’s creditors consist of surety creditors, referring to the surety agreement ordering 120 monthly instalments of the same amount, and affiliated creditors that will be paid in 48 monthly instalments of the same amount. There are also creditors of certain loans that will get paid monthly with 60 instalments of the same amount.

For creditors of accounts payables, in the first phase, they will get 40%-60% cut of the payment, whose remainders must be paid within 24 instalments. Then, in the second phase, the payment will be cut 70%, while another 30% must be paid in 12 instalments. Lastly, there was partnership creditors that will be paid in 60 instalments. (LK/ZH)