President Director Of Jhonlin Agro Palm Oil Company Owned By Haji Isam Resigns, What's The Reason?

JAKARTA - President Director (Director) of PT Jhonlin Agro Raya Tbk (JARR) Zafrinal has resigned from his position. He also thanked the palm oil company owned by Haji Isam.

"Based on the consideration of new project activities outside the company that cannot be abandoned, with this letter I declare that I am resigning from the position of president director of PT Jhonlin Agro Raya Tbk," Zafrinal wrote in his resignation letter, Monday, August 22.

"I thank you profusely for the opportunity and trust that has been given so far in carrying out my duties in this position," continued Zafrinal.

"To maintain the process of good corporate governance, with reference to the company's articles of association and regulations in the capital market sector, my resignation will be effective after it is approved by the general meeting of shareholders," explained Zafrinal.

Meanwhile, Director of JARR Temmy Iskandar explained, in connection with the receipt of the resignation letter for the position of president director of PT Jhonlin Agro Raya Tbk as of August 22, 2022, based on the Financial Services Authority Regulation Number 33/POJ.04/2016, issuers or public companies are required to hold GMS to decide on the application for resignation of members of the board of directors no later than 90 days after the receipt of the application for resignation.

As is known, Jhonlin Agro has just officially listed its shares on the Indonesia Stock Exchange (IDX) on August 4, 2022.