PT Wirajaya Packindo’s Suspension of Debts Payment (PKPU) process must now be extended for another 60 days after its potential investor PT Leyand International Tbk (LAPD) reportedly withdrew its intent. Wirajaya Packindo is now forced to look for a new investor. Not all of Wirajaya’s creditors approved of the new time extension. Some have asked for assurances from Wirajaya to make sure that its potential investors are serious and have the funds needed to pay off all of Wirajaya’s debts. The voting for the extension will be held on January 12, 2016. And assuming the creditors agree to the extension, the request must then be approved by the court. To subscribe please click here
