JAKARTA - PT Shimizu Global Indonesia (SGI) sues PT PP Urban, a subsidiary of PT Pembangunan Perumahan (Persero) Tbk (PTPP), for Suspension of Debt Paymen Obligation (lit. Penundaan Kewajiban Pembayaran Utang/PKPU).

In the information disclosure quoted Thursday (10/10), Agus Purbianto, Director of Finance of PTPP, mentioned that the company respects the ongoing PKPU proceedings based on applicable law whilst still implementing good governance principles of the company.

Purbianto said that the PKPU lawsuit will not significantly have any impact on legal or financial condition, or going concern issues of the company.

It is revealed that PP Urban faces PKPU lawsuit stated in case No. 299/Pdt.Sus-PKPU/2024/PN Niaga Jkt.Pst and No.300/pdt.Sus-PKPU/2024/PN Niaga Jkt-Pst. These lawsuits were filed last week (4/10). (LK/ZH)