The process of Suspension of Debts Payment (PKPU) for PT Trikomsel Oke Tbk (TRIO) is still ongoing. In mid-April 2016, not long after four directors of TRIO resigned, the panel of judges of the Commercial Court of the Central Jakarta District Court approved an extension of TRIO’s PKPU for 60 days (until June 2016). TRIO is reportedly set to sell its entire ownership of one of its subsidiaries: PT Global Teleshop Tbk (GLOB).To subscribe please click here
