MNC Investama Changes Name To MNC Asia Holding, What's The Reason For Conglomerate Hary Tanoesoedibjo?

Conglomerate Hary Tanoesoedibjo. (Photo: Doc. Antara)

JAKARTA - One of the business entities of the MNC Group, PT MNC Investama Tbk (BHIT) officially changed its name to PT MNC Asia Holding Tbk. This is done by the company owned by the conglomerate Hary Tanoesoedibjo in line with the company's plans for business development.

The name change has received the blessing of the Ministry of Law and Human Rights (Kemenkumham) of the Republic of Indonesia and shareholders through the Extraordinary General Meeting of Shareholders (EGMS).

President Director of MNC Asia Holding Hary Tanoesoedibjo said the name change plan was first announced at the EGMS because it was necessary to adjust to the Company's line of business and reflect the development of MNC Asia Holding which has now transformed into a multinational company.

"MNC Asia Holding will not stop looking for business opportunities that are beneficial for stakeholders and shareholders, as well as further strengthening its position in related industries," said Hary in a written statement, Thursday, August 25.

BHIT is a conglomerate of companies founded by Hary Tanoesoedibjo in 1989, which has subsidiaries in the fields of media, financial services, entertainment, hospitality, and energy.

In the media sector, MNC Media through PT Media Nusantara Citra Tbk (MNCN) has 4 National Free To Air TVs. According to Hary Tanoe, MNC Media is currently focusing on increasing its digital initiatives to strengthen its position in Southeast Asia.

MNC Asia Holding consolidates all digital assets of MNC Media under PT MNC Digital Entertainment Tbk (MSIN), which is an entertainment and digital business entity.

In financial services, BHIT has also expanded its financial services portfolio in the fintech industry through PT MNC Kapital Indonesia Tbk (BCAP) by establishing Motion Digital.

"BCAP is also developing general insurance applications, insurance broker applications, securities crowdfunding applications, and crypto digital asset trading applications," explained the man who is familiarly called HT.

In the entertainment hospitality sector, MNC Asia Holding owns PT MNC Land Tbk (KPIG), which is developing the MNC Lido City SEZ project. While in energy, BHIT has PT MNC Energy Investments Tbk (IATA).