Government must inject at least US$400 million to reactivate Texmaco Grup PT Polysindo Eka Perkasa, one of the assets of Texmaco that have some IDR29.37 trillion debt to State Assets Management Company (PPA).
The President Director of PPA Mohammad Syahrial said that the company maybe will re-tender Texmaco.
The total loan of PPA at engineering division of Texmaco is US$1.48billion, while the loan at textile division is US$833.93 million. The other loan is on letter of credit of US$87.36 million so that the total loan of PPA is US$2.98 billion
Tuesday, February 27, 2007
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