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Company Profile

Brief History of the Company

The Company was initially established under the name of PT Indo Ayala Leasing Corporation and a limited liability company which is based in the South Jakarta, based on Article of Association No. 125 on 23 February 1982, as modified from the Deed No. 125 dated on 23 February 1982, which has been changed based on the Deed No. 41 dated on 18 April 1983, in which both are made in front of Frederik Alexander Tumbuan, SH, a Notary in Jakarta, which have been legalised by Ministry of Law and Human Rights based on the Decree No. C2-3535.HT.01.01.TH.83 dated on 3 May 1983, and announced in Official Gazette of the Republic of Indonesia No. 40, additional No. 501 dated on 18 May 1984.

On 22 December 2010, through General Meeting of Shareholders, as stated in the Deed No. 87, in front of Sp. Henny Singgih, SH notary, the Company has changed its name from PT Indocitra Finance Tbk to PT Amstelco Indonesia Tbk, and changed its line of business from leasing to trading, agency, representatives, contractor, services, transportation, printing, agriculture, real estate and industry. Those changes are accompanied by amendment of the Article of Association, which has been approved by Ministry of Law and Human Rights based on the Decree No. AHU-59965.AH.01.02.Tahun 2010 dated on 23 December 2010. In line with the changes mentioned above, on 30 December 2010, the Ministry of Finance, through the Decree No.KEP-719/KM.10/2010 declared the revocation of the Company’s financing business license and stated that the Company’s business permit is no longer valid.

On 3 November 1989, the Company obtained an Effective Letter from the Chairman of Capital Market and Financial Institution Supervisory Agency with the letter No. 068/SHM/MK.10/1989, to conduct initial public offering, amounted to 1,200,000 (one million two hundred thousand) shares with the nominal value of Rp 500.- (five hundred Rupiah) per share and offering price of Rp 8,000.- (eight thousand Rupiah) per share, in which on 27 July 1990, all of the Company’s share has been registered in Indonesia Stock Exchange.

In accordance with Announcement of Indonesia Stock Exchange No. Peng-DEL-00001/BEI.PPJ/01-2013 dated on 18 January 2013, Indonesia Stock Exchange has delisted the Company shares in the Indonesia Stock Exchange, which has been effective since 19 February 2013.

The Article of Association of the Company has been amended several times, which is based on the Deed No. 12 dated on 7 December 2011, in front of Siti Pertiwi Henny Singgih, a Notary in South Jakarta, the amendment about reduction of authorized capital of the Company from Rp 2,900,000,000,000.- (two trillion nine hundred billion Rupiah) to Rp 50,000,000,000.- (fifty billion Rupiah), and the approval of the conversion of the remaining loan of Bliss Century Investments Ltd. have been approved by the Ministry of Law and Human Rights of the Republic of Indonesia in the Decree No. AHU-05605.AH.01.02 Tahun 2012, dated on 3 February 2012.

The amendment of Articles of Association of the Company based on the Deed No. 91 dated on 17 December 2013, in front of B. Andy Widyanto, SH, a notary, regarding the transfer of shares of the Company owned by Presidio Capital Holdings Ltd. to Tapildo Investments Ltd. as much as 14,400,000 (fourteen million four hundred thousand) shares, and the transfer of shares of the Company owned by PT Inkapita Partners to Asia Net Life Pte. Ltd. amounted to 23,438,000 (twenty three million four hundred thirty eight thousand) shares.

This amendment mentioned above also approved the changes of the composition of the Directors and Board of Commissioners, in which the entire of former Directors and Board of Commissioners have resigned and appointed new Directors and Board of Commissioners for the period up to future Extraordinary General Meeting to be held in 2018.

According to Article 3 of this Articles of Association mentioned above, the line of business of the Company is in trading, agency, representatives, contractors, services, transportation, printing, agriculture, real estate, and industry.

On 26 March 2014, through Extraordinary General Meeting, as stated in Deed No. 39, in front of Dedy Pramono, S.H, M.Kn., notary in Jakarta, the Company has changed its name from PT Amstelco Indonesia Tbk to PT MOM Investama Tbk. This change is accompanied with amendment of Articles of Association, which has been approved by Ministry of Law and Human Rights with Letter of Decree No. AHU-17720.AH.01.02. Tahun 2014 dated on 12 September 2014.

On 12 June 2015, through Extraordinary General Meeting, as stated in Deed No. 7, in front of Dedy Pramono, S.H, M.Kn., notary in Jakarta, the Company has changed its name from PT MOM Investama Tbk to PT Indo Komoditi Korpora Tbk. This change is accompanied with amendment of Articles of Association, which has been approved by Ministry of Law and Human Rights with Letter of Decree No. AHU-0939171.AH.01.02. Tahun 2015 dated on 10 July 2015.