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Related company : BAKRIE SUMATERA PLANTATIONS

Related company : BAKRIE SUMATERA PLANTATIONS

Tone : Neutral

Tone : Neutral

 

Bakrie Sumatera to swap debt to equity

Summary
The Jakarta Post, March 12, 2018
PT Bakrie Sumatera Plantations Tbk plans to restructure its debt by issuing non-preemptive rights to the company’s creditors to turn some of its debts to equity by the first half of 2018. “We are making an offer to our creditors. Instead of receiving interest payment, they can get shares that we will issue,” UNSP director Andi W. Setianto said. Andi added the company was currently restructuring its capital to improve the company’s financial performance. The company aimed to convert Rp 338 billion (US$23.66 million) of debts into shares for its creditors.
 
 

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