RICY requests credit restructuring
JAKARTA - PT Ricky Putra Globalindo Tbk (RICY), a manufacturer of undergarments, has requested for credit restructuring, due to the impact of the COVID-19 pandemic on the company's revenue. The company's short-term liabilities were recorded at Rp 786.89 billion.
As quoted from the company's disclosure published on Wednesday (20/5), Tirtaheru Citra, Director of PT Ricky Putra Globalindo Tbk (RICY) said it had stopped part of its operations due to the COVID-19 outbreak.
In addition, a subsidiary of RICY which is engaged in the food and beverage service sector, PT Ricky Citra Rasa has stopped the operations of all of its restaurants in Jakarta.
This condition is expected to affect the company's consolidated revenue and net profit quite significantly, which also affects the company's ability to pay its debts. (LK/AR)