HomeNewsVideos

Boxindah Gala Sejati files PKPU request against Nipress

19 February 2020 14:16

JAKARTA - PT Boxindah Gala Sejati has filed a suspension of debt payment obligation request (PKPU) against PT Nipress Tbk (NIPS) and its subsidiary PT Nipress Energi Otomotif (NEO) through the Central Jakarta District Court on February 13, 2020. However, the billing amount requested by Boxindah is still undisclosed.

According to a stock exchange filing on Wednesday (19/2), the first trial of the PKPU lawsuit will take place on Thursday (20/2) at the Commercial Court of the Central Jakarta District Court. In Case Number 33/Pdt.Sus-PKPU/2020/PN.Niaga Jkt Pst, Boxindah is named as the plaintiff while Nipress is named the defendant. A similar lawsuit has also been filed by Boxindah against Nipress's subsidiary NEO in Case Number 34/Pdt.Sus-PKPU/2020/PN.Niaga Jkt Pst.

As a consequence, the Indonesia Stock Exchange (IDX) has temporarily suspended the trading of Nipress shares starting fromo the first session of trade on Wednesday (19/2). According to the Central Jakarta District Court's website, the plaintiff has requested that the court establish temporary PKPU against NEO for 45 days since the court issues a ruling. (LK/MS)

© 2024 - IDN Financials - All Rights Reserved.