Jakarta: Shares in Indonesian shipowner PT Arpeni Pratama Ocean Line have been suspended as it faces a bankruptcy lawsuit from Korea and misses a coupon payment on a bond issue.
Arpeni, one of Indonesia’s largest shipowners, is facing a bankruptcy suit from Korea Securities Finance Corp, which is suing the company in the Jakarta courts over unpaid debt repayments of $1.25m.
The shipowner also missed a Rp25.15bn coupon payment on a bond issue last Friday, extending the date of the payment till 30 September. Arpeni is controlled by the Surya family who also control Berlian Laju Tankers.
Source : STA-Online, 21.09.10.
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