Earlier this year, we reported that a lawsuit on Suspension of Debt Payment (PKPU) was filed by PT Acset Indonusa Tbk (ACST) against PT China Sonangol Media Investment (PT CSMI) had been granted. PT CSMI, which is currently building “INDONESIA 1”, entered its period of PKPU. The process lasted until March 2021, before the parties decided to end it peacefully. In July 2021, PT CSMI took corporate actions without notifying its shareholder PT Media Property Indonesia (PT MPI), a part of Surya Paloh Media Group. PT MPI submitted a police report on an allegation of embezzlement. A month later, it decided to take the dispute to court. On Aug. 10, 2021, the Central Jakarta District Court registered a lawsuit filed by PT MPI, who accuses PT CSMI of default.
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