Wed 09/29/2021 21:15 PM
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Relevant Documents:
Supreme Court ruling Sep. 10 (Bahasa Indonesia) - Arpeni
Commercial Court Ruling May 28 (Bahasa Indonesia) - Arpeni
2017 Exchange Memorandum (includes composition plan)
 
Reorg Asia’s Highlights:
  • Appointment of CICC as advisor for a potential refinancing/ restructuring is likely a prelude to a successful renewal of KPC’s mining concession to an IUPK;
  • KPC’s likely needs to generate EBITDA of >$20/t against >15mt of quarterly sales volume to upstream sufficient cash...
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