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Good Name not Guaranty Enough

Tuesday, June 17, 2003

The framework of APPs debt restructuring has already been signed off on. But the bondholders who make up the majority of the creditors say theyre not satisfied.

arsip tempo : 173237062324.

. tempo : 173237062324.

BEING appointed the president director of a company that has debt arrears amounting to US$13.9 billion has not in any way reduced the self-confidence of Teguh Ganda Widjaja. His voice was steady as he gave a welcoming speech at the signing of the summary of key terms for restructuring the debts of Asia Pulp & Paper (APP) in Indonesia, on Tuesday last week.

The agreement was signed by Teguh and two of his younger brothers, Frankie Widjaja and Indr

...

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