MDRN Sold Several Asset to Repay its Debt

Besides sold its land and building assets in East Java worth IDR100bn, PT Modern International, Tbk (MDRN IJ), also has sold its asset in several places such as in Jakarta, Serang, and Bali. The proceed will be used to repay its debt in one of the creditor of the company’s loan, PT Bank CIMB Niaga, Tbk (BNGA IJ).

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