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20250528_SWID_Laporan Informasi dan Fakta Material_31890188_lamp3.pdf
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KETERBUKAAN INFORMASI
Name of the Company : PT Saraswanti Indoland Development Tbk
Sector : Property & Real Estate
Telephone : (0274) 883866
Facsimile :-
E-mail : corsec.swid@saraswanti.com
1. Date of Material May 27th, 2025
Transaction
2. Type of Material 1. Pursuant to the Financial Services Authority Regulation
Information of Facts Number 31/POJK.04/2015 concerning Disclosure of Material
Information or Facts by Issuers or Public Companies.
2. Pursuant to the Annual General Meeting of Shareholders
(“GMS”) of PT Saraswanti Indoland Development Tbk held on
May 27th, 2025.
3. Type of Information Other Material Information or Facts
or Material Fact
4. Description of In accordance with the seventh agenda item of the Annual GMS of
Information or PT Saraswanti Indoland Development Tbk, namely:
Material Fact Approval of the change in management’s intention regarding
the function of Bima Tower.
The Company submitted the following proposal to the GMS:
With due consideration of the following:
As previously stated in the prospectus, Bima Tower was initially
planned to function as an apartment. However, management now
intends to change the function of Bima Tower from its original
purpose as an apartment to a hotel. This change is considered to
have a positive impact by generating higher recurring income
compared to maintaining its use as an apartment. Higher recurring
income provides stronger assurance of the Company’s long-term
business sustainability.
This change is also driven by room demand that exceeds the
available supply. The convention center at Mataram City has a
significantly larger capacity compared to the number of rooms
currently available at The Alana Yogyakarta Hotel & Convention
Center, resulting in frequent situations where convention
participants must stay at other hotels.
This change in intention will affect the accounting reclassification
of assets and signifies a shift in the Company’s asset utilization
strategy to support growth and operational efficiency. Bima Tower
was previously classified as inventory, originally intended to be
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sold to third parties. However, in line with the new function as
previously mentioned, the asset will now be used in the Company’s
ongoing operations, and thus no longer meets the characteristics of
inventory. Instead, it is more appropriately classified as a fixed
asset. This reclassification is based on internal evaluation and both
accounting and strategic considerations in line with the principle of
prudence.
Support from all shareholders is essential to ensure the smooth
implementation of this adjustment. Therefore, we respectfully
request the approval of shareholders so that the Board of Directors
may proceed with the changes in function and asset classification
in accordance with applicable regulations.
Based on this proposal, it was resolved:
To duly receive and approve the change in management’s
intention regarding the function of Bima Tower.
5. Other Information In compliance with the Financial Services Authority Regulation
(“POJK”) Number 31/POJK.04/2015 concerning Disclosure of
Material Information or Facts by Issuers or Public Companies:
a. The Board of Directors and the Board of Commissioners
declare that all material information has been disclosed in this
information disclosure and that such information is not
misleading.
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PT Saraswanti Indoland Development Tbk
Jl. Palagan Tentara Pelajar KM. 7, Sleman, Yogyakarta
Telp. (0274) 883866
Main Business Activities :
Star-rated Hotel Operations, Real Estate Development (Owned, Leased, or for Sale), and Venue Rental
for MICE Activities and Special Events
E-mail : corsec.swid@saraswanti.com
Website : saraswantiproperty.com
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