Sued PKPU, this is ACE Hardware (ACES) response

ILLUSTRATION. Visitors are checked for body temperature when entering a retail shop selling tools, in East Jakarta, Tuesday (9/6/2020). Tribunnews / Herudin

Reporter: Sugeng Adji Soenarso | Editor: Tendi Mahadi

KONTAN.CO.ID – JAKARTA. PT Ace Hardware Indonesia Tbk was sued for Postponement of Debt Payment Obligation (PKPU) by Wibowo and Partners. The lawsuit is reported under case number 329 / Pdt.Sus-PKPU / 2020 / PN Niaga Jkt.Pst.

In response to this, Vice President Corporate Affairs Ace Hardware Indonesia Dasep Suryanto said he would take a stand after receiving notification of the case. “Currently, we have not received an official notification of the case from the Commercial Court,” he told Kontan.co.id through an official statement, Wednesday (7/10).

Dasep said that Ace Hardware Indonesia and Wibowo & Partners have a monthly legal service agreement (retainer) in the amount of IDR 10 million. “We urge the public and investors to be wise in responding to the news. Currently PT Ace Hardware Indonesia Tbk has a very good performance and operates as usual,” he said.

Also Read: This is the case involving Ace Hardware (ACES) so PKPU petitioned it

On the other hand, issuers are coded shares ACES on the Indonesia Stock Exchange (IDX) recently closed its outlets in Kuningan City. Corporate Secretary ACES Helen Tanzil said the closure of the outlet was due to the expiration of the rental period for the outlet. “We say that on August 2, 2020, one of Ace Hardware Indonesia outlets located in Kuningan City has been closed because the lease period has ended,” he said, Thursday (10/9).

Meanwhile, during this year ACES has closed 3 of its outlets. On the other hand, the company also opened 11 new outlets and is still planning to add 2 to 3 new outlets by the end of the year.

Based on the first semester financial reports, ACES recorded a decrease in net sales of up to 7.83% year on year (yoy), to Rp 3.65 trillion from Rp 3.96 trillion previously.

Also Read: Trans Retail Indonesia was submitted by PKPU

Sales per compact ACES segment are declining. Sales of household improvement products eroded 9.22% to Rp 1.87 trillion. On the other hand, sales of lifestyle products also decreased by 5.36% to Rp 1.59 trillion. As for the sales of game products, it has eroded 20.25% to Rp 118.99 billion.

Meanwhile, profit for the period attributable to owners of the parent company ACES fell 23.83% to Rp 360.16 billion from Rp 472.86 billion previously.

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