Five years ago China Sonangol International Holding made headlines after it decided to boost its presence in Indonesia through China Sonangol Land. Together with its Indonesian partner Media Group (controlled by Surya Paloh, chairman of NasDem Party), they established PT China Sonangol Media Investment. The Company planned to build a twin tower, set to be among the tallest buildings in Jakarta. Fast forward five years later, the Company is facing a lawsuit on Suspension of Debt Payment (PKPU) filed by PT Acset Indonusa Tbk (ACST), the one responsible for the construction of the said towers.
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