PT Sumatera Persada Energi (SPE), the subsidiary of PT Asiabumi Petroleo is finally bankrupt after the Panel of Judges of the Commercial Court of the Central Jakarta District Court decided to accept the lawsuit to cancel the 2014 peace agreement filed by PT Bank CIMB Niaga Tbk (BNGA). SPE, however, is actually in the middle of their second PKPU process. So what does this actually mean for the Company?To subscribe please click here
