The AGMS Agrees On The Founder Of Jababeka To Go Down The Mountain To Become President Director

Illustration of the board of directors meeting (Photo: Unsplash)

JAKARTA - PT Jababeka Tbk (KIJA) at the Annual General Meeting of Shareholders (AGMS) approved Setyono Djuandi Darmono (SD Darmono) who was the founder (founder) of Jababeka (who previously served as President Commissioner) to lead again as president director.

On this occasion, Darmono said that the company's financial position is relatively healthy, where the total equity is IDR 6.9 trillion or far above the total loan amount of approximately IDR 4.4 trillion.

"However, by looking at the current economic situation and in the future, the amount of debt is still burdensome for the company if it is not balanced with sufficient sales from the land bank (book value) of around Rp. 7.6 trillion, even though the market value is around Rp. 21.6 trillion," Darmono said quoting Antara.

To overcome these problems, he explained that strategic steps are needed, including increasing basic capital to provide readiness for the company if in the future it will carry out a right issue plan, so that the basic capital is sufficient.

"The purpose of the right issue plan in the future is to reduce the amount of debt," said Darmono.

Then the company needs to improve performance through sales of assets that do not immediately provide yields. Then, reduce unnecessary costs and perform efficiency with decentralized control that will soon be carried out in order to create a synergy in Jababeka.

Then, selling children's entities that are not as expected, so it is hoped that the company will become healthier and able to provide dividends and increase value for shareholders.

After the AGMS, currently the composition of the board of commissioners and the current board of directors of the company, namely:

Board of Commissioners

President Commissioner/Independent Commissioner : Suhardi AliusCommissioner : Gan MichaelCommissioner/Independent Commissioner : Basuri Tjahaja Purnama

Board of Directors:

President Director : Setyono Djuandi DarmonoVice President Director : Budianto LimanDirector : Tjahjadi Rahardja Director : Hyanto Wihadhi On the other hand, the fifth and sixth agenda items did not meet the quorum, so the second AGMS will be held no later than 10 days and no later than 21 days.