Wijaya Karya Faces Continued Financial Challenges

Need for Further Restructuring

PT Wijaya Karya (Persero) Tbk (WIKA), a state-owned construction company, is facing significant financial challenges that require immediate attention. Analysts believe that continuing the financial restructuring process is essential for the company to maintain its operational continuity. The most viable option currently is to hold creditor meetings through Rapat Umum Pemegang Obligasi (RUPO) and Rapat Umum Pemegang Sukuk (RUPSU).

Financial Pressures Mounting

WIKA is experiencing substantial financial pressure due to declining revenue and increasing interest expenses. These factors have negatively impacted the company's financial performance, making it difficult to maintain operational stability. The need for restructuring is becoming increasingly urgent as the company's financial health continues to deteriorate.

Restructuring as a Solution

The proposed restructuring through RUPO and RUPSU is seen as the most realistic measure to address WIKA's financial issues. This process allows the company to potentially renegotiate its debt obligations and improve its cash flow management. Analysts view this step as crucial for WIKA to regain financial stability and continue its operations effectively.