VIVA’s Maneuvers on the Brink of Bankruptcy

VIVA Group is facing a restructuring process under a debt payment suspension scheme and is threatened with bankruptcy. There are maneuvers to lobby creditors and reduce debt.

Retno Sulistyowati

October 7, 2024

TWELVE major creditors of Visi Media Asia (IDX: VIVA) are waiting for a meeting call. A few weeks before the extension period for the debt payment suspension (PKPU) for VIVA ends on November 4, there needs to be a debtor meeting with the creditors to discuss a settlement proposal and conduct a vote. However, the awaited call has yet to arrive. “As of today, there has been nothing,” said Marx Andryan, the legal representative for

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