Petroselat Ltd, the subsidiary of PT Sugih Energy Tbk (SUGI), is on the edge of insolvency and they have only three weeks to find new investor after the previous potential investor suddenly cancelled their plan in the middle of the due diligence process. If Petroselat cannot make amends with the creditors after the deadline, then the process of insolvency will commence, but it would be a loss for the creditors.To subscribe please click here
