Financial problems still haunt the textile industry. At around the same time as the prolonged drama due to Sritex’s mismanagement which then forced the Government to intervene, several actors in the same industry also experienced the same issue. Now, it is the turn of textile issuer PT Ricky Putra Globalindo Tbk (RICY). Ricky Group recently received a lawsuit on Suspension of Debt Payment (PKPU) and may be forced to restructure its debt. To subscribe please click here
