Sritex Group to Present Business Plan to Creditors on Aug. 19

Aug. 17, 2021, 8:12 AM UTC

Indonesian clothing company Sri Rejeki Isman, or Sritex Group, will present its business plan and financial forecast to creditors in the PKPU proceeding on Aug. 19, according to a filing.

  • Company and its subsidiaries in Singapore have also been given a 6-month extension for an ongoing debt moratorium by Singapore Court, it said in the filing on Tuesday
  • NOTE: The moratorium was initially set to end on Aug. 21

To contact the reporter on this story:
Tassia Sipahutar in Jakarta at ssipahutar@bloomberg.net

To contact the editor responsible for this story:
Andrew Monahan at amonahan@bloomberg.net

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