Sujaya Group’s two subsidiaries, i.e., PT Bintang Jaya Proteina Feedmill (Bintang Jaya) and PT Sinka Sinye Agrotama (Sinka Sinye) entered Suspension of Debts Payment (PKPU) four months ago. At first, the Group offered to release their valuable assets in order to fulfil their obligation to the creditors and asked for additional capital injection to the Banks, but the request was met with strong rejection. The Group had since offered payment in form of shares conversion and proposed a plan to issue mandatory convertible bond (MCB).To subscribe please click here
