Grid.ID - PT Sritex officially closed permanently on March 1, 2025. The Indonesian textile giant company even did a mass layoffs on 10,669 employees. For information, PT Sritex, headquartered in Sukoharjo, Central Java, was last operating on February 28, 2025.
Launching Kompas.com, Sritex began facing serious financial problems since 2021. Sritex shares were suspended in May 2021 due to late payment of interest and main medium Term Notes (MTN). The company's total liabilities co...
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