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Textile King’s Tangled Web of Debts

Monday, May 3, 2021

Sritex is entangled in debts of up to Rp17 trillion. Its debt restructuring chaos has even reached legal courts.

arsip tempo : 173054297169.

Workers at Sri Rejeki Isman’s (Sritex) factory in Sukoharjo, Central Java. sritex.co.id . tempo : 173054297169.

PRIMA Karya stands behind three-meter-high steel orange gates. Around noon on Thursday, April 29, the construction company’s office in Jalan Juanda, Surakarta, Central Java, was securely locked. Only one motorcycle was seen parked behind the gates. 

Prima Karya is a small contractor caught in the web of huge debts of Sri Rejeki Isman, or Sritex. On Wednesday, April 19, this firm owned by Djoko Prananto has submitted a lawsuit&nbs

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Khairul Anam

Sritex Debt Restructuring
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