BRUSSELS (Indonesia Today) – PT Central Proteinaprima Tbk (CPRO), or CP Prima, the largest shrimp farm in the world, said bond holders had in April 18, 2013 approved US$325 million debt restructuring, Bisnis.com reported.
Sutanto Surjadja, director of CP Prima, said the approval on bond restructuring was made through voting rights held by bond holders in Singapore.
Mahar Atanta Sembiring, CPRO’s president director, earlier said if the bond restructuring was agreed, the bond debt worth US$325 million issued by CPRO’s Singapore-based unit Blue Ocean Resources Ltd will be extended to June, 2020.
CPRO booked net loss of Rp436 billion last year, declined substantially from Rp2.04 trillion in 2011. It reported sales revenue of Rp6.83 trillion or about US$700 million last year, dropped 9.2% from 2011.