After EGMS, Jasa Marga is Ready for Infrastructure SOEs Holding

2/4/2019 8:08:26 AM


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 Com​pany 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
Corporate Secretary
PT Jasa Marga (Persero) Tbk.
Plaza Tol Taman Mini Indonesia Indah,
Jakarta 13550
Tel. 021 8413526 – 8413630, 
Fax.         : 021 87793976