Tuesday, September 15, 2009

PPA try to sell again Texmaco

The State Assets Management Corporation (PPA) decided to reopen the tender on the assets credit of Texmaco Group by repacked the divisions of textile and engineering.
President Director PPA Boyke Mukijat says the company have asked for approval from goverment.
"We don't separate division engineering and textile," he said today
The total debt of engineering division of Texmaco Group is US$1.48 billion, while the debt of textile division is US$833.93 million, and the LC of Texmaco Group is US$87.36 million, so that the total collection of PPA is US$2.98 billion.

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