Received IDR 6.3 Trillion PKPU Approval, Waskita Precast Ready To Help Infrastructure Development At Home And Abroad

Photo: Doc. Waskita Beton Precast

JAKARTA - PT Waskita Beton Precast Tbk (WSBP) obtained approval from nearly 90 percent of creditors in the voting process regarding the postponement of debt payment obligations (PKPU). This number exceeds the company's initial assumption of 70 percent.

"With this result, the company is more ready to continue to contribute to infrastructure development both at home and abroad", Waskita Precast Corporate Secretary, Fandy Dewanto, said in a statement quoted by Antara, Monday, June 20.

The Company expresses its deepest gratitude to all creditors for the trust and positive support given to the company.

"The company will carry out an improvement strategy to improve business sustainability so that the company's performance recovery is realized and can carry out all its obligations to creditors according to the agreed scheme", said Fandy.

As is known, last Friday the company voted in the PKPU process which was resumed today.

Based on the voting results, 95.8 percent of creditors have supported and voted in favor of the WSBP peace plan voting. The voting was attended by 8 separatist creditors and 263 concurrent creditors, with a total value of IDR 6.3 trillion.

The results of this vote became a very important momentum for WSBP because it was the beginning of the company's recovery to become a superior performing company.

"This is more encouraging for the company to grow with solid financial fundamentals. Of course, prayers and hard work from internal and external companies have yielded good results", he said.