For the past year, PT Pan Brothers Tbk (PBRX) has been struggling especially due to the pandemic. The situation becomes worse when one of the executives of the company was examined as witness in the case of corruption in State-owned insurance company PT Asuransi Jiwasraya (Persero). And the fear came true. Last week a creditor, PT Maybank Indonesia Tbk (BNII), filed a lawsuit on Suspension of Debt Payment (PKPU) against Pan Brothers. Pan Brothers issued a release on May 28, 2021. To subscribe please click here
