Insight

Bakrie-Owned Media Companies Unsettled IDR 8.8 Trillion Debt

market-avatar

Algo Research Team

Company | Oct 02, 2024 | Views: 187

The content provided here is for informational purpose only. It is not an advise or recommendation. Please do your own research.
content-img

Key Summary:

  • VIVA postponed its debt payment obligations (PKPU)
  • IDR 8.8 trillion in interest and principal debt owed
  • The debt lawsuit was filed by 12 creditors

Recently, VIVA group was granted an extension to postpone its debt payment obligations (PKPU) until 4 November 2024, with a total debt of IDR 8.8 trillion owed to 12 creditors according to Tempo.


Debt situation: The Central Jakarta Commercial Court placed 4 Bakrie-owned companies under a Suspension of Debt Payment Obligations (PKPU).

How was our research?

DISCLAIMER: Algo is an independent research platform and is not affiliated with any financial institution. We are not a licensed securities dealer, financial advisor, broker, or investment bank. The contents shared across our website, and social media platforms are intended for informational purposes only and reflect our views and opinions. It is not meant to be construed as financial advice and/or a recommendation to buy or sell an asset. Past performance does not guarantee future results. As a research platform, our contents are made to provide data-driven information and research-based articles, and should not be used as a basis for making any investment decisions. We strongly encourage you to conduct your own research and consult with a licensed financial advisor before making any investment decisions. Algo is not regulated by OJK (Otoritas Jasa Keuangan) and does not provide any investment services. We are not responsible for any financial decisions you make based on the information provided. All content is presented with the intent of informing only.