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