AJ Capital Conducting Due Diligence, Collecting Data for Sritex’s Composition Plan

Late on May 21, Reorg followed up earlier breaking news which revealed Sritex had appointed AJ Capital as financial advisor, replacing Helios Capital, at a first creditors meeting. Continuing a series of exclusive breaking news stories around Sritex, Reorg reported that AJ Capital had told meeting attendees it was now conducting due diligence and collecting further information for the upcoming PKPU composition plan, and critically, that creditors would be divided into five groups: Offshore and onshore syndicated lenders, bilateral lenders, MTN holders, USD noteholders, and trade vendors / suppliers. Click through to read more.