JAKARTA. After PT Bumi Resources Tbk (BUMI) could avoid the postponement of debt payment obligations (PKPU) and reached an agreement with its creditors, the other subsidiaries of Bakrie Group, such as PT Bakrie Sumatera Plantation UNSP), are likely to have opportunities to restructure their debts. UNSP are optimistic that the creditors will agree with the debt restructuring scheme. Director and Investor Relations of UNSP Andi W. Setianto said, the long-term debts of UNSP will be reduced to half in 2017 next year if the restructuring process is successful. The restructuring plan of UNSP includes shifting a worth of Rp 1.03 trillion notes payable debts into shares. In the future, this plantation company will have the option of issuing shares without pre-emptive rights.
Bakrie Group members found solutions
JAKARTA. After PT Bumi Resources Tbk (BUMI) could avoid the postponement of debt payment obligations (PKPU) and reached an agreement with its creditors, the other subsidiaries of Bakrie Group, such as PT Bakrie Sumatera Plantation UNSP), are likely to have opportunities to restructure their debts. UNSP are optimistic that the creditors will agree with the debt restructuring scheme. Director and Investor Relations of UNSP Andi W. Setianto said, the long-term debts of UNSP will be reduced to half in 2017 next year if the restructuring process is successful. The restructuring plan of UNSP includes shifting a worth of Rp 1.03 trillion notes payable debts into shares. In the future, this plantation company will have the option of issuing shares without pre-emptive rights.