APP
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 : 173519695224.
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
...
Subscribe to continue reading.
We craft news with stories.
For the benefits of subscribing to Digital Tempo, See More
