Indonesia textile and garment manufacturer PT Sri Rejeki Isman, commonly known as Sritex, is reportedly in discussions with potential investors regarding the leasing of its assets.

Indonesia's troubled textile firm PT Sri Rejeki Isman , or Sritex, is in talks with potential investors to take over assets under a lease scheme, the company's curator said on Monday.

A major labour group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the firm from bankruptcy.

JAKARTA, May 20 (Reuters) – Indonesian textile manufacturerPT Sri Rejeki Isman (Sritex) plans to raise up to 2.2 trillionrupiah ($226 million) in an initial public offering by June.Sritex set a ...

JAKARTA (Reuters) -The president director of bankrupt Indonesian textile giant Sritex has been arrested as part of a corruption investigation, Indonesia's Attorney General's Office said on Wednesday.

Indonesia’s Sritex to Seek $275 Million Loan Facility in Meeting. Workers exit the Sri Rejeki Isman PT factory in Solo, Central Java, Indonesia. Photographer: Dimas Ardian ...

Sritex was declared bankrupt at the end of last year as it struggled to service its debts, which reached $1.6 billion in June. It stopped operations on March 1 after failing in its appeal against ...

Indonesia arrests CEO of textile giant Sritex. 22-May-2025, 11:20. 22 May 2025, 11:20. Reuters. Share. Iwan Setiawan Lukminto was detained due to alleged irregularities related to a bank loan.

Indonesia textile and garment manufacturer PT Sri Rejeki Isman, commonly known as Sritex, is reportedly in discussions with potential investors regarding the leasing of its assets.

JAKARTA, Indonesia — A major labor group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the ...

JAKARTA – A major labour group in Indonesia has called on the government to bail out troubled textile giant Sritex, after President Prabowo Subianto ordered his ministers to save the firm from ...