Regarding Debt Restructuring Of IDR 3.5 Trillion, ID FOOD Boss: Reschedule Payment Completed This Year

Rupiah illustration (Photo: dock. Antara)

JAKARTA - Food SOE Holding or ID FOOD recorded debt for loans in state-owned banks or Himbara reaching IDR 8.5 trillion. Of that amount, IDR 3.5 trillion is being restructured.

This was conveyed by the President Director of ID FOOD, Frans Marganda Tambunan at the Ministry of SOEs, Jakarta, written Wednesday, October 11.

"From the debt of around Rp. 8.5 trillion that we have constructed, it is approximately Rp. 3.5 trillion, especially in the subsidiaries of PT SHS, PT Perikanan Indonesia with Himbara's friends," said Frans.

Furthermore, Frans targets that the reschedul payment or extension of the payment period with thebanging party in Himbara will be completed this year.

"Our target this year is to sign for a long-term rescheduling payment, all of them go to Himbara," he said.

For your information, in 2022 the Ministry of SOEs will transfer shares (inbreng) of five SOEs in the food sector to PT Rajawali Nusantara Indonesia (Persero) or RNI or ID FOOD.

The five companies in question include PT Perusahaan Perdagangan Indonesia (Persero), PT Sang Hyang Seri, PT Perikanan Indonesia (Persero), PT Berdikari, and PT Garam.

When the formation of this Food SOE holding was not all healthy companies. As a result, ID FOOD bears a debt of IDR 8.5 trillion. In fact, ID FOOD also has to pay debt interest of IDR 600 billion to the bank every year.