(May 29): PT Pan Brothers said a local unit of Malayan Banking Bhd. has sought a debt payment delay against it in a Jakarta court, potentially complicating the Indonesian clothing company’s loan restructuring effort. PT Bank Maybank Indonesia made the application to the Central Jakarta court, Pan Brothers said in a Friday filing to the stock exchange. Maybank accounts for less than 4.5% of the company’s syndicated and bilateral loans.
Maybank seeks Pan Brothers’ debt payment delay in Jakarta court
2021-05-29T10:45:24-04:00May 29th, 2021|
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