Last month Freddy Widjaja—son of the late tsar of Sinar Mas Group Eka Tjipta Widjaja—filed a civil lawsuit at the Central Jakarta District Court, demanding his share of inheritance. The news was widely reported because Freddy mentioned names of several subsidiaries of the group in his lawsuit. Soon after the lawsuit was made public the mentioned companies’ stock prices weakened, with some having to provide information to the IDX. The next hearing to examine the lawsuit is scheduled to be held on July 20, 2020.
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