Acquired Conglomerate Chairul Tanjung: Welcome Allo Bank, Goodbye Bank Harda

Harda International Bank Building. (Photo: Doc. Harda Bank)

JAKARTA - The extraordinary general meeting of shareholders (EGMS) of PT Bank Harda Internasional Tbk which took place on Monday, May 10, approved the renaming of PT Allo Bank Indonesia Tbk.

The meeting also approved the bank owned by the conglomerate Chairul Tanjung to change the company's logo. This is quoted by VOI, from the information disclosure page of the Indonesia Stock Exchange (IDX), Tuesday, May 11, regarding the minutes of the BBHI GMS.

"Approved the change of the company's name to PT Allo Bank Indonesia Tbk thereby amending Article 1 of the Company's Articles of Association," as stated in the minutes of the BBHI GMS in the 9th agenda.

Then the GMS-LB gives power and authority to the board of directors to make a notarial deed and report the amendment of the articles of association to the authorized agencies and take every action necessary for the amendment of the provisions of the company's articles of association.

At the 10th agenda, the GMS approved the change of the company's logo.

"Approved the change of the company's logo. Authorize the company's board of directors to report changes to the company's logo to the authorized agencies and take necessary actions in connection with the change of the company's logo," bbhi management wrote.

As is known, CT Corpora through PT Mega Corpora, disbursed Funds worth Ro460.7 billion to take over the bank coded BBHI shares in March. At that time, precisely on March 15, 2021, Mega Corpora and PT Hakimputra Perkasa have signed a takeover of a total of 3,084,461,000 shares or 73.71 percent of the issued and fully paid-up capital of BBHI through transactions on the negotiated market on the Stock Exchange.

The price of return by Mega Corpora is Rp149.36 per share. Thus, the total takeover price amounted to Rp460.70 billion.