This is one of casualties from weak crude palm oil (CPO) prices in recent years. We know that two subsidiaries of PT Golden Plantation Tbk (GOLL)—used to be subsidiary of the troubled TPS Food (AISA, where global investment firm KKR is an investor)—are tangled by debts and both companies have entered their period of Suspension of Debts Payment (PKPU) in March 2019. Other subsidiaries of the Company, meanwhile, received bankruptcy lawsuits, all filed by the same parties who filed the PKPU lawsuit. Lucky for GOLL all three bankruptcy lawsuit were withdrawn.To subscribe please click here
