KFC Reveals Bakrie Companies Owe IDR 75 Billion

JAKARTA, KOMPAS.com – PT Fast Food Indonesia Tbk alias KFC revealed that PT Bakrie Darma Indonesia (BDI) has a debt of IDR 75 billion that has not been paid to the company.

Director of Fast Food Indonesia Dalimin Juwono reported this to the Indonesia Stock Exchange (IDX) in a disclosure of information submitted on April 28, 2021.

Quoting the Information Disclosure, Wednesday (5/5/2021), Fast Food Indonesia stated that the debt had existed since December 31, 2019.

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Dalimin explained the background and causes of the receivables from PT BDI being granted on an interest-free scheme and will be used to fund property projects.

“PT BDI, a company that has a property project plan, has offered the Company to participate in the property project. With this background, the company agreed to invest in the project where the Company will obtain the right to use the property for restaurant business development,” said Dalimin quoted from Information Disclosure.

He also explained that the term of this agreement is from 18 September 2019 to 29 February 2020. However, because it has exceeded the agreement, KFC asked for an explanation.

“Due to the unrealized property project, PT BDI has returned part of the funds received amounting to Rp 25 billion in December, the remaining Rp 75 billion will still be settled by PT BDI,” he said.

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However, Dalimin admitted, there was no significant impact on the Company regarding this debt and credit case.

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