{
    "success": true,
    "data": {
        "id": 1239490,
        "msgid": "app-to-meet-creditors-today-1447893297",
        "date": "2002-02-01 00:00:00",
        "title": "APP to meet creditors today",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "APP to meet creditors today JAKARTA: Pulp and paper giant Asia Pulp & Paper (APP) will meet its creditors in Jakarta today to review a plan for the restructuring of the company's more than US$13 billion debts. Spokesman of APP's parent company the Sinar Mas Group, Yan Partawijaya said on Thursday APP would unveil a draft of a debt restructuring scheme before its creditors' steering committee.",
        "content": "<p>APP to meet creditors today<\/p>\n<p>JAKARTA: Pulp and paper giant Asia Pulp &amp; Paper (APP) will<br>\nmeet its creditors in Jakarta today to review a plan for the<br>\nrestructuring of the company's more than US$13 billion debts.<\/p>\n<p>Spokesman of APP's parent company the Sinar Mas Group, Yan<br>\nPartawijaya said on Thursday APP would unveil a draft of a debt<br>\nrestructuring scheme before its creditors' steering committee.<\/p>\n<p>He was unable to say where and when exactly the meeting would<br>\ntake place, except that it would be in Jakarta.<\/p>\n<p>Friday's meeting may kick start what could be long and tough<br>\nnegotiations with local and international creditors.<\/p>\n<p>Last May, APP defaulted on more than $13 billion in debts,<br>\nmaking it one of Asia's largest corporate defaults in history.<\/p>\n<p>The company was unable to repay billions of U.S. dollars in<br>\nbonds it issued to finance expansion plans amid sagging pulp and<br>\npaper prices in the world market. -- JP<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/app-to-meet-creditors-today-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}