Polaris: PT Trikomsel Oke is 44.9%-owned by Polaris. The news of Trikomsel's debt restructuring may place a negative overhang on the group.
Briefly, Trikomsel today announced that the company may not be able to meet its financial obligations indefinitely, following the general slowdown in the Indonesian economy and the depreciation in the rupiah. The company intends to discuss with bondholders possible restructuring options.
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