Request for Suspension::Mandatory

Issuer & Securities

Issuer/ Manager
PT DELTA MERLIN DUNIA TEXTILE
Security
PT DELTA US$300M8.625%N240312R - USY2124AAA52 - RSWB
Note: In line with current market practice, all securities related to the trading counter have also been similarly suspended.

Announcement Details

Announcement Title
Request for Suspension
Date &Time of Broadcast
16-Sep-2019 17:39:14
Status
New
Announcement Reference
SG190916SUSPVCUT
Submitted By (Co./ Ind. Name)
Teguh Handoko
Designation
Head of Finance
Narrative Type
Narrative Text
Additional TextPlease refer to the announcement dated 11 September 2019 titled "Clarification Regarding Media Reports".The Company has received an official notice from the Semarang Commercial Court in Indonesia regarding the petitions filed by creditors against the Company for a court enforced suspension of
Narrative versioncreditor liabilities (Penundaan Kewajiban Pembayaran Utang). The Board has recommended that trading of the Notes be suspended to ensure that no person is trading in the Notes without sufficient information to make informed decisions.
Narrative versionNoteholders and potential investors are advised to exercise caution when dealing in the securities of the Company, and to refrain from taking any action which may be prejudicial to their interests.
Narrative versionIn the event of any doubt, noteholders and potential investors should consult their stockbrokers, bank managers, solicitors, accountants or other professional advisers. Information disclosed in this announcement is also subject to change.

Event Dates

Effective Date and Time of the Event
With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.