PT JASA MARGA (Persero) Tbk.
Nomor : 19/2019 Tanggal 1 Februari 2019
After EGMS, Jasa Marga is Ready for Infrastructure SOEs Holding
Jakarta (02/01) - An Extraordinary General Meeting of Shareholders (EGMS) was held at Pullman Hotel, Jakarta, on Friday (02/01), with the agenda of Articles of Association Amendment. It was the consequence of Dwiwarna Series A Shareholders request through the SOEs Minister Letter No. S-827/MBU/12/2018 dated December 13, 2018.
PT Jasa Marga (Persero) Tbk. (“Company”)'s President Director Desi Arryani explained that the agenda relates to the infrastructure-sector State-Owned Enterprise Holding plan in which the Republic of Indonesia will transfer all its Series B shares from the Company to PT Hutama Karya (Persero), as a capital.
PT Hutama Karya (Persero) therefore becomes the Holding, while the Company turns into the SOEs subsidiary, as referred to in the Government Regulation No. 72 of 2016 concerning Amendments to Government Regulation No. 44 of 2005 concerning Procedures for State Capital Administration to the State-Owned Enterprise and Limited Liability Company, and the alteration from a Persero into a Non-Persero State-Owned Enterprise.
Despite the alteration, the State will still have control over the Company, both directly and indirectly. The state will have direct control through its 1 Dwiwarna Series A share, while the State's 100%-share at PT Hutama Karya (Persero) will provide indirect control over the Company, as PT Hutama Karya (Persero) holds most of the Company's Series B shares.
Desi added that the Meeting took place simultaneously with the Government Regulation progress to set up the State Capital Administration into PT Hutama Karya (Persero), the Limited Liability Company. The Company's Government Series B shares will therefore be transferred as soon as the regulation is enacted.
For more information, please contact:
M. Agus Setiawan
PT Jasa Marga (Persero) Tbk.
Plaza Tol Taman Mini Indonesia Indah,
Tel. : 021 8413526 – 8413630,
Fax. : 021 87793976
Email : email@example.com