Thu 03/18/2021 02:15 AM
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Following the release of PT Gajah Tunggal Tbk’s (GJTL) 2020 financial results and ahead of a prospective $270 million note issuance, Reorg has taken a closer look at the company’s prospective profitability, working capital levels, related party dealings, operations and foreign currency hedging. This is in the context of higher rubber prices, the lowest inventory level over the past seven years, increased related party transactions despite overall reduced sales, relatively low utilisation...
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