PT Indosterling Technomedia Tbk (TECH) has had to face a lawsuit on Suspension of Debt Payment (PKPU) due to the High Yield Promissory Notes (HYPN) products issued by its subsidiary PT Indosterling Optima Investa (PT IOI). The company managed to resolve the dispute peacefully, but other problems still exist. The investigation into the allegations of default and fraud reported by the Company’s creditors is ongoing. The process with the police is likely to harm the continuation of the PKPU repayment process.
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