Demanded by PKPU, a subsidiary of Waskita Karya will face the first session this week


Monday, June 9, 2025 – 20:06 Wib

Yakarta, alive – The subsidiary of PT Waskita Karya (Persero) TBK (WKST), PT Waskita Karya Realty, received a summons of the debt payment obligation session (PKPU) of the Central District Court of Yakarta on Thursday, June 5, 2025.

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Letter from the Central District Court of Yakarta Number: 2683/PAN.3/W10.U1/HK2.4/6/625 with respect to the call of the claim case No.148/PDT.SUS-PKPU/2025/PN.NIAGA.JKT.PST. The inaugural hearing will take place on Thursday, June 12, 2025.

“The PKPU 148 application is related to the request to pay PT Fourcili Kreasi Indonesia as applicant,” said corporate secretary Emy Puspa Yunita, cited in the dissemination of information on Monday, June 9, 2025.

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Ermy explained that the PKPU was transmitted by case number 148 together with the proof of receiving the attached document. To obtain information, Waskita Karya has a property ownership of 99.99 percent on PT Waskita Karya Realty.

Debt Illustration

Debt Illustration

Photo :

  • www.freepik.com/free-vector

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“The application for the PKPU application does not have a significant impact on the operational activities and financial conditions of the company,” Emy continued.

Cited by Viva News on Tuesday, April 29, 2025, Waskita Karya registered a decrease in the total debt of RP 14.7 billion at RP 69.3 billion in 2024. This number decreased from the total debt of Waskita Karya in 2022 and 2023 reached 84 billion RP.

In the annual general meeting of shareholders (AGM) of 2025, the company’s management emphasized restructuring efforts to improve operational and financial performance. The financial and operational performance recovery process through restructuring has been the company’s main concern by 2024.

“In the context of operational restructuring, the company focuses on the recovery of central operational activities with the focus of being a pure contractor. This strategy presents the work in a series of projects with a monthly payment scheme and avoiding key to hand, to maintain the stability of working capital,” Emy explained.

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In the annual general meeting of shareholders (AGM) of 2025, the company’s management emphasized restructuring efforts to improve operational and financial performance. The financial and operational performance recovery process through restructuring has been the company’s main concern by 2024.

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