Pelindo II Launches Pelabuhan Indonesia Investama
By : Abraham Sihombing And Aldi Firhand. A | Monday, December 11 2017 - 17:44 IWST
President Director of Pelindo II Elvyn G Masassya
INDUSTRY.co.id - Jakarta - PT Pelabuhan Indonesia (Pelindo) II launches a new subsidiary engaged in investment, named PT Pelabuhan Indonesia Investama (PII). It is a subsidiary of the 17th company, which was inaugurated by Elvyn G. Masassya, President Director of Pelindo II together with all Directors of Pelindo II.
In addition, the inauguration of the establishment of the PII was also attended by representatives of associations, service providers and financial and banking institutions, SOEs and service users of Pelindo II.
The establishment of PII is expected to become a vehicle to cooperate with strategic investors in the framework of business expansion and short-term investment in the secondary market, said Elvyn G. Masassya, President Director of Pelindo II at the Indonesia Stock Exchange Building (BEI) on Monday (11/12 / 2017).
PII has a vision to become a leading investment company in the port sector and its supporters which aims to create maximum value for stakeholders through world-class management standards.
Up to 2022, total assets of PII is targeted to reach Rp11 trillion and in the next five years, the total assets are expected to reach Rp20 trillion, "said Elvyn.
The presence of PII which is the first investment company in Indonesia to focus its attention on port business is expected to answer the need.
In addition to managing the funding of existing subsidiaries, PII is also expected to support business development, capacity building, strengthening, risk management and investment.
The composition of capital ownership in PII is 99% owned by PT Pelindo II and 1% is owned by PT Multi Terminal Indonesia which is also one of Pelindo's business activities. PII will be chaired by Randy Pangalila who serves as President Director and Iman Rachman who serves as President Commissioner.
In addition, Pelindo II will also list the shares of its subsidiary, PT Jasa Armada Nusantara (JAI), at the Indonesia Stock Exchange (IDX) through the Initial Public Offering (PUPS) mechanism.
In the PUPS, JAI's management offers about 30% of its shares to the public. In 2018 and 2019 there are two subsidiaries of Pelindo II that will list their shares in IDX. (Abraham Sihombing)