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VIVA’s Maneuvers on the Brink of Bankruptcy

Monday, October 7, 2024

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.

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Illustration by TEMPO/Alvin Siregar. tempo : 173478624387.

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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Retno Sulistyowati

Adil Al Hasan contributed to this report.
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