YOGYAKARTA The name Kuncoro Wibowo appeared on the list of conglomerates who bought Patriot Bonds bonds issued by the Anagata Nusantara Power Investment Management Agency (BPI Danantara). Check out Kuncoro Wibowo's profile in the following article.
As we know, the list of conglomerates who are Patriot Bonds investors has gone viral on social media in recent days. In the circulating documents, there are 46 conglomerates who bought up the debt securities complete with the amount of funds invested.
Referring to this data, Kuncoro Wibowo from Kawan Lama Group is in 39th place. He invested IDR 0.3 trillion to buy Danantara bonds.
After this news went viral, the Danantara provided clarification. They stated that the information related to the list of conglomerates buying up Patriot Bond bonds was not official information.
"We need to emphasize that this information is not official information and so far no announcement has been issued," said MD Global Relations and Governance Mohammad Al-Arief in a written statement, quoted by VOI.
He added that the Patriot Bonds issuance scheme is currently still being prepared in the form of a private placement and is not to be offered to the public, and its participation is entirely voluntary.
Profile Kuncoro Wibowo is the first son of the founder of the Prosperous Kawan Lama Group. His father, Wong Jin started his business by opening a 3x3 meter grocery store in the Glodok area. Kuncoro was born in Jakarta on April 21, 1956.
Since childhood, Kuncoro has often helped his father sell in stores. This activity is sometimes interspersed with English tutoring and Mandarin. He just returned home after the shop closed, at 5 pm.
When he was 17 years old, Kuncoro was often sent by his father abroad to interact with suppliers of tools. He negotiated himself so that he could become an agent of the product. Business development is one of his main goals. When making a profit, he invests these profits back into business, not for personal gain.
Thanks to this, the tools business that his father runs has developed into a company called Kawan Lama Sejahtera.
In 1981, Kuncoro Wibowo was appointed as Sales Manager at PT Kawan Lama Sejahtera. Thanks to his expertise, he continued to be promoted until he finally became President Commissioner in 1995.
That same year, Kuncoro began to expand by establishing PT Ace Hardware Indonesia, Tbk. This company is the sole license holder of ACE Hardware, which is a retail company of household furniture and tools from the United States. In Indonesia, this company provides a variety of household and industrial tools, office tools, toys, furniture, and other goods. ACE Hardware Indonesia first opened its stall at Supermal Karawaci, Tangerang, in 1995.
Currently, ACE Hardware is the pioneer and most complete home & lifestyle equipment center, with 99 stores in various crowded centers in big cities in Indonesia.
In addition to raising ACE Hardware, Kuncoro is also developing other Kawan Lama Group business units, such as Informa, Chatime, and Toys Kingdom.
Kuncoro Wibowo was noted to have studied at London Business School, Non Diploma Program, England in 1977, and at the Open University majoring in Economic Management in 1993.
In 2023. Kuncoro is ranked 45th in the list of the richest people in Indonesia with Forbes magazine. His total wealth is estimated to reach 1.05 billion US dollars or around Rp. 16.3 trillion.
Until now, Kuncoro is still the President Commissioner of the Prosperous Kawan Lama Group. He played an active role in formulating a strategy development plan for the company.
That's information about Kuncoro Wibowo's profile. Get news updates of other options only on VOI.ID.
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