SINGAPORE, Nov 26 (Reuters) - A meeting of the creditors of Indonesian auto giant PT Astra International broke up due to the lack of a quorum, a company official said on Tuesday. Astra had sought the meeting to try to get two-thirds of its creditors to approve a plan to restructure $820 million of its debt. "We did not get sufficient lenders to achieve a quorum for the meeting today. We are very optimistic that we will be able to call another meeting in December and achieve the quorum ...
Premium Content (PAID Subscription Required)
"Astra says creditors meeting abandoned" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.