Jakarta, November 27, 2017

After undergoing debt restructuring process that began with “PKPU” filing in May 23, 2017 and ended with the creditors’ agreement on the Restructuring Plan which had been ratified by Central Jakarta Commercial Court ruling on the case on August 4, 2017; PT Bima Multi Finance (the Company) managed to convince its creditors to work together in rebuilding the Company.

Secured and unsecured creditors were very enthusiastic with the Restructuring Plan offered by the Company and gave their full support as demonstrated by the final voting result whereby 92,810 of the total votes of 92,952 voted for the Restructuring Plan from the Company.

As follow up to the Court’s ruling, the Company together with all of its creditors have signed addendums to the agreement starting from Thursday, August 24, 2017 at the Company’s head office.

A new era has also begun in rebuilding the Company with the appointment of caretakers by the creditors as part of the Company’s Board of Directors. The Company’s President Director, Wina Ratnawati also explained that the Company’s business process had been restarted gradually with focus on motorcycle financing and by adhering to strict Cash Flow projections as were laid out in the agreed upon Restructuring Plan.

As of now, in accordance with the Restructuring Plan, the Company has fulfilled its repayment obligations to its creditors 3 (three) times for Long Term Loan installments that were due on September 4, 2017, October 4, 2017, and November 4, 2017.

In the Company’s annual National Conference which was held on November 3-4, 2017, Projected Financing for 2018 was set at Rp 730 Billion, an estimated growth of 200% compared to Actual Financing in 2017.

For more information about this press release you can contact:

MEJ Hesti Susanti
Corporate Secretary
PT Bima Multi Finance
Telephone : (021) 63858555
Email : hesti.susanti@bimafinance.co.id