INDONESIA: Garment Maker Great River In Debt Buyback
Cash-strapped garment manufacturer PT Great River International said on Monday it will undertake a debt buyback program as it looks to slash its huge debts.
The company, which owes around $172.5 million, said it would fund the program through $26m of financing. Its previous plan was scrapped last week amid spiralling wage costs and plunging orders.
 
			 
             
                  