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Djakarta Lloyd faces liquidation

Djakarta Lloyd faces liquidation

Jakarta: Indonesian state-owned shipping firm Djakarta Lloyd could face liquidation. Djarkarta Lloyd is one of eight Indonesian state-owned firms that has been placed under "special care" due to their worsening financial condition. Mustafa Abubakar Indonesian Minister of State Owned Enterprises said it would evaluate small companies such as Djakarta Lloyd to see if they are worth restructuring. "If after in-depth review, and if deemed not necessary then we will liquidate them," he said. [10/06/10]

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