Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting Shareholders (EGMS) PT Totalindo Eka Persada Tbk

Annual General Meeting of Shareholders (AGMS) and Extraordinary General Meeting Shareholders (EGMS) PT Totalindo Eka Persada Tbk

Jakarta, May 24, 2018 – PT Totalindo Eka Persada Tbk ( “Company”) has organized an Annual General Meeting of Shareholders and the General Meeting of the Extraordinary to report on the company’s performance and financial statements are audited for the year ended December 31, 2017. As well as the work plan of the Company to face 2018.

Annual General Meeting has resulted in several decisions, which are:

 

  1. Approve the net profit for the financial year 2017 as follows:
  2. No cash dividends to the shareholders of the Company;
  3. 1,000,000,000.00, excluded and recorded as a reserve fund;
  4. the remaining net profit for the financial year 2017, entered and recorded as retained earnings, to increase the Company’s working capital.

 

  1. Receiving the report of the realization of the use of proceeds from the Initial Public Offering of the Company, which has been fully used.

 

As for the Extraordinary General Meeting of Shareholders has resulted some decisions, namely:

 

1.Approved to ensure a more than 1/2 (one by two) part or all of the assets of the Company in connection with the issuance and public offering of bonds/sukuk/ Medium Term Note (MTN), and loan facilities which will be acquired by the Company from banks and/or other financial institutions;

2.Approve to increase the main business activity of the Company, namely business property developer either directly or by way of investments in shares of stock.

3.Approved the split of the nominal value of the Company’s shares (stock split), with a ratio of 1 : 5 (one to five), originally amounted to Rp. 100,00 (one hundred Rupiah) per share become Rp. 20,00 (twenty Rupiah) per share, and approved the changes of Article 4 paragraph 1 and paragraph 2  the Company’s Articles of Association in connection with the stock split implementation.

Totalindo New Contract until May 2018

Up to May 2018, Totalindo recorded the acquisition of the new contract amounted to Rp2,075 trillion, with details as follows : Project Transit Oriented Development (TOD) in Lebak Bulus amounting to Rp900 billion. Project Klapa Village – Pondok Kelapa amounted to Rp320 billion. The project of Building the Twin Tower Dormitory – West Java amounting to Rp56 billion. Antasari Height Project amounting to Rp693. billion. The Flats project at Yogyakarta Special Region amounted to Rp106 billion.While up to the end of the year 2018, Totalindo is targeting new contracts worth Rp 4,014 trillion.

By | 2018-06-22T10:05:52+00:00 June 22nd, 2018|press release EN, Uncategorized|0 Comments

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