It is unfortunate to see the problems that are currently faced by PT Indosterling Technomedia Tbk (TECH). After the alleged default of PT Indosterling Optima Investa, a finance company related to the Company, last month the Company’s Commissioner was named a suspect in a case of alleged fraud. TECH finally confirmed this news on Friday last week. The situation is unfortunate because TECH was only officially listed on Indonesia Stock Exchange (IDX) as of June 2020.
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