Until today the same financial problems which occurred for the past several years still haunt the textile industry. At around the same time as the public was made aware of the prolonged drama due to Sritex’s mismanagement, the drama which then forced the Government to intervene, several actors in the same industry also experienced the same issue. Now, it is the turn of textile issuer PT Ricky Putra Globalindo Tbk (RICY). Ricky Group received a lawsuit on Suspension of Debt Payment (PKPU) and had been forced to restructure its debt. To subscribe please click here
