Maintaining Public Trust, HK Metals Management Where Ricky Harun Becomes Commissioner Confirms Company Operations Are Running Well

JAKARTA - The management of PT HK Metals Utama Tbk (HKMU) confirms that the company's business processes continue to run well after the decision of the Controlling Shareholders (PSP) to release their share ownership.

HKMU President Director Muhamad Kuncoro said, the entire board of commissioners and directors of the company are fully committed to running the company in accordance with good corporate governance while maintaining the trust of the public and investors.

"Alhamdulillah, until now the company's operations, both parent and subsidiary, have not been disrupted. We continue to run the company professionally. Of course we are also trying to find new strategic investors. We ask for prayers and support so that the process can be completed soon," he said. in a written statement, Wednesday 9 February.

Kuncoro added that PSP's decision to release its shares was purely based on business considerations. This is the right and initiative of PSP itself and is not related to HKMU management.

"We have also conveyed this process in the disclosure of information. In addition, today we have also held an audience with the Indonesia Stock Exchange to provide an explanation," he added.

For information, the company will carry out a corporate action, namely the addition of shares (rights issue) where the preparation process is ongoing. This step was taken to strengthen the capital structure in order to support the strategic programs that have been launched.

In terms of performance, according to in-house records as of January 2022, the company managed to record a turnover of IDR 48.3 billion. This figure increased by 56 percent when compared to the same period last year which amounted to Rp31 billion.