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Capital & Financial MarketsPortfolio & Strategy 20 Oct 2026

EPAC to close conventional flexible packaging business by end-2026, plans rights issue

PT Megalestari Epack Sentosaraya (EPAC) plans to close its conventional flexible packaging segment completely by 31 December 2026 to reduce operating cash outflows after its court-sanctioned debt restructuring. Replying to an Indonesia Stock Exchange query, the company said it had borrowed from affiliate PT Triple Berkah Bersama, with no fixed maturity, to meet its restructuring obligations. It also plans a rights issue, subject to shareholder approval on 3 November 2026.

Why this mattersA segment closure, an affiliate loan with no fixed maturity and a planned rights issue point to continuing cash pressure at EPAC after its court-sanctioned restructuring.

  • EPAC targets full closure of its conventional flexible packaging business segment by 31 December 2026.
  • EPAC signed a loan agreement with affiliate PT Triple Berkah Bersama to meet obligations under its court-sanctioned debt restructuring (homologasi).
  • The loan has no fixed maturity date, with principal repayments matched to EPAC's cash flow.
  • EPAC's controlling shareholder has said it is ready to provide further bridge financing on similar terms if needed.
  • EPAC plans a rights issue (PMHMETD), subject to approval at an extraordinary general meeting on 3 November 2026.
  • The disclosure responds to an Indonesia Stock Exchange query letter dated 16 October 2026.
PT Megalestari Epack Sentosaraya Triple Berkah Bersama counterparty
Sources the-signal.id ID
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Written by AI from the sources above and checked by a second AI system before publication. No human wrote or edited this story. How it is made.

Updates

  • 2026-10-21 · Edited before publication: The headline leads with the segment closure, but the summary opened with the affiliate loan and the closure was the fifth bullet. Reordered so the closure leads throughout. Materiality cut from 4 to 3: EPAC is a followed small-cap company, not core. Made 'why this matters' more neutral.