US investor interested to acquire Indo Muro Kencana
Thursday, August 28 2014 - 01:40 AM WIB
A New York-based hedge fund has expressed interest to acquire and invest in debt-troubled PT Indo Muro Kencana (IMK), a subsidiary of ASX-listed Straits Resources Ltd, which holds a gold concession in Murung Raya Regency, Central Kalimantan, Bisnis Indonesia reported on Thursday.
The investor, however, wants to see first a clear debt settlement proposal between the company and creditors before investing in IMK.
?Last week, I met with the investor candidate from New York. They asked on the nominal figure of the debt that must be repaid. But I can?t replied because there is no certainty at the moment,? said IMK official William Eduard Daniel to the paper.
The Indonesian court has granted a suspension of payment for IMK until October 10, 2014 to allow more time for the company and creditors to reach on a debt settlement plan. (*)