Jakarta, CNBC Indonesia – The manager of the Centro Department Store, PT Tozy Sentosa, was officially declared bankrupt by the Central Jakarta District Court (PN Jakpus). After being declared bankrupt, the curators will complete the bankruptcy bundle, aka the bankruptcy price of the company.
Public Relations of the Central Jakarta District Court, Bambang Nurcahyono, said that this decision was finalized at the hearing today in a vote from creditors and a recommendation from the supervisory judge.
“Furthermore, the process by the curator to clear up the bankruptcy assets (bankruptcy bundle) from PT Tozy (Centro),” said Bambang to CNBC Indonesia, Monday (17/5/2021).
The bankruptcy was decided after a creditor meeting and voting from the creditors. The reconciliation plan proposal submitted by the debtor was rejected by the creditor so that Centro was declared bankrupt. In addition, there are recommendations from supervisors.
“The reading of the Decision by the Deciding Judge Council was Monday, May 17, 2021,” he said.
This case was registered under number 106 / Pdt.Sus-PKPU / 2021 / PN Jkt.Pst and was filed at the Central Jakarta District Court.
A number of parties who submitted this PKPU, including PT Primajaya Putra Sentosa, PT Indah Subur Sejati, PT Multi Megah Mandiri, PT Harindotama Mandiri and PT Mahkota Petriedo Indoperkasa, acted as applicants through the lawyer office of Hotman Paris Hutapea, Law Firm Hotman Paris & Partners.
Some time ago, Centro, which is a retail network owned by Parkson Retail Asia Limited (Ltd), closed its outlets at Plaza Ambarrukmo Yogyakarta and Centro in Bintaro Xchange, South Tangerang, Banten.
Parkson Retail Asia Ltd was founded in 1987. Reporting from the company’s financial statements as of June 2020, Parkson is one of the department store retail business companies in the Asian region. The company was first listed on the Singapore Exchange on November 3, 2011.
As of June 2020, UOB Kay Hian PTE LTD is listed as the controlling shareholder of Parkson with total shares of 479,800,600 shares or 71.21% of the company’s total shares.
Then, HSBC (Singapore) Nominees PTE LTD controlled 4.95% shares or 33,337,700 shares, Phillip Securities PTE LTD held 1.03% shares or the equivalent of 6,963,300 shares. The rest, Parkson’s shares are held by shareholders of less than 1%.
(hps / hps)
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