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Tianrong Chemical (TDPM) Declared Bankrupt, 2.88 Billion Public Shares Stuck
Based on the results of the Commercial Court Decision at the Central Jakarta Court for the Trial of the Cancellation of Peace Case with Case Number 4/Pdt.Sus Cancellation of Peace /2025/PN.Niaga.jkt.pst on March 10, 2025, that the Company is currently declared bankrupt," wrote the TDPM announcement
the previous announcement, TDPM as the defendant in the lawsuit for cancellation of the peace filed by the applicant, namely PT Bata Merah Wisesa based on the Court Summons Letter Number: 533 / PAN.0 / W10 .UI / HT .2.4 / II / 2025.DN Dated January 5, 2025 with Case Number: 4 / Pdt.Sus-Cancellation of Peace / 2025 / PN.Jkt.Pst.
The company received its summons on Friday (7/2/2025). Then the company attended the First Hearing of the Lawsuit on Monday (10/3/2025) at the Central Jakarta District Court, Jalan Bungur Besar Raya Number 24-26-28, Gunung Sahari Selatan Kemayoran, Central Jakarta