Avillion subsidiary PT Avillion Indonesia disputes claims over Bali's Villa Cinta
Bitget2026/10/30 04:58- Avillion's 99%-owned indirect subsidiary PT Avillion Indonesia disputed Shirley Winarso's Villa Cinta claims on October 29, 2026.
- Winarso alleges the Bali property's lease expired January 15, 2026, without renewal, leaving outstanding rent and other obligations.
- Proposed loan principal deductions total IDR 9 billion: approximately IDR 4.89 billion in provisional claims and IDR 4.11 billion in repayment discounts.
- Villa Cinta's net book value was approximately RM 11.2 million as of March 31, 2026; the claim's financial impact remains uncertain.
- No proceedings had commenced as of October 30, 2026; no provision was recognized, with the board expecting no material financial or operational impact.
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