PT Rekayasa Industri (Rekind) again held a Town Hall Meeting (THM). This time it will be held at the end of November 2023. The event, which is also known as the Talk Meeting, will be held at exactly 08.00 WIT, ROB I Building, Rekind Head Office, Friday (24/11).

The spirit of holding Rekind’s biggest tradition of friendship still reflects a strong atmosphere of togetherness. Almost all Rekindists poured out to attend it. President Director Triyani Utaminingsih, Yusairi Director of Operations and Technology/Development of Rekind were present at this activity, accompanied by a number of Rekind officials and management, including heads of subsidiaries. Member of the Rekind Board of Commissioners, Doddy Rahadi, was also present to give a speech.

The important point of this activity concerns Rekind’s Corporate Restructuring Plan (RPP) and Postponement of Debt Payment Obligations (PKPU) towards creditors. As with previous implementations, not all points of the RPP were opened clearly, only certain topics, considering that all stages of the RPP were still in the process which was almost finalized in December this year.

However, an overview of the implementation of PKPU (Postponement of Debt Payment Obligations) was opened clearly by Eko Sulistomo, VP Legal, GCG & Contract Management, who is in charge of legal handling of issues related to debts and receivables, between Rekind and creditors.

Eko emphasized that the essence of the PKPU’s release regarding the 9th case faced by Rekind is not to describe Rekind’s condition as becoming more complicated. Eko denied that the birth of PKPU was the direction that led Rekind to bankruptcy. PKPU and bankruptcy are two different things. Rekind remains steadfast in its commitment to continue to fulfill its responsibilities towards creditors consisting of sub-contractors, vendors and banks. PKPU is an effort to reschedule all of Rekind’s obligations (debt payments) to its creditors.

“We have great hope that providing the right information will increase our sense of optimism for a better future for Rekind. We hope that the information received today can be well guarded and not carelessly released or conveyed outside. “We remind you of this, simply for the smooth running of the PKPU and Restructuring process which will soon reach the final stage,” stressed Rekind President Director Triyani Utaminingsih.

Rekind Commissioner, Dodi Rahadi emphasized that the PKPU process is a legal mechanism designed to facilitate the restructuring of the company’s financial obligations and ensure the sustainability of the Company’s business. “This is not a sign of failure, but rather a strategic step to protect the interests of all stakeholders, including employees, creditors and shareholders,” said Dodi.

The activity, which lasted for almost two hours, ended with a question and answer session from Rekindist to the BOD and Rekind Management.