Asep Sabanda sued for insolvency
16 Feb 2024 10:59
Asep Sulaeman Sabanda (ASS), also known as the Sultan of Subang, faced a lawsuit of Suspension of Debt Payment Obligation (PKPU) in the Commercial Court of Central Jakarta District Court.
Restructuring debt, WIKA to obtain additional L/C facility
25 Jan 2024 10:00
PT Wijaya Karya (Persero) Tbk (WIKA) will receive extra Letter of Credit (L/C) facility from a syndicate of creditors in order to support its operation.
MAYA seeks IDR 4.01 trillion via rights issue
02 Jan 2024 17:40
PT Bank Mayapada Internasional Tbk (MAYA) is eyeing to raise IDR 4.01 trillion via rights issue of 26.74 billion series B shares of IDR 100 each.
Creditors approve restructuring of MTN WKR III 2022
20 Dec 2023 11:41
PT Waskita Karya Realty (WKR), a subsidiary of PT Waskita Karya (Persero) Tbk (WSKT), is restructuring Medium Term Notes III Year 2022 worth IDR 475 billion.
BEEF to install obligations to 144 creditors
22 Feb 2023 10:55
PT Estetika Tata Tiara Tbk (BEEF) will make instalments to pay off its obligations to 144 creditors starting late March 2023.
KPAS at default on IDR 173 billion charge
20 Feb 2023 10:25
PT Cottonindo Ariesta Tbk (KPAS), a cotton manufacturer, is declared bankrupt by the Commercial Court of Central Jakarta District Court last week (16/2).
Converting debts, TRIO to seek third party’s assistance
17 Jan 2023 10:17
PT Trikomsel Oke Tbk (TRIO), a smartphone and accessories distributor, is currently seeking a third party to assist in converting the debt owed to PT Sukses Perdana Prima (SPP) to equity in its subsidiary, PT Globe Kita Terang Tbk (GLOB).
