Textile giant PT Sri Rejeki Isman Tbk (SRIL or Sritex) has been having a rather terrible year. The last lawsuit for Suspension of Debt Payment (PKPU) against its affiliated company was granted by the Commercial Court at the Semarang District Court. Five companies in the group, including the parent company, and one affiliated company are in a temporary PKPU period. On that note, one PKPU process on a subsidiary ended peacefully, while the last PKPU process was granted an extension just last week.
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