Back to announcement
20240703_HMSP_Informasi Transaksi Afiliasi_31678683_lamp3.pdf
Asset transaction Needs review HMSPSource file signed link, expires in 15 minutes
Extracted text 11
Page 1
DISCLOSURE OF INFORMATION
RELATED TO AFFILIATED TRANSACTIONS
THIS DISCLOSURE OF INFORMATION HAS BEEN MADE TO COMPLY WITH THE FINANCIAL SERVICES AUTHORITY (“OJK”)
REGULATION NO. 42/POJK.04/2020 DATED 2 JULY 2020 ON AFFILIATED TRANSACTIONS AND CONFLICT OF INTEREST
TRANSACTIONS (“POJK 42”) IN CONNECTION WITH THE EXECUTION OF LEASE AGREEMENT.
THE INFORMATION CONTAINED IN THIS DISCLOSURE OF INFORMATION IS IMPORTANT TO BE READ AND NOTED BY THE
COMPANY’S SHAREHOLDERS. IF YOU FIND DIFFICULTIES IN UNDERSTANDING THE INFORMATION SET FORTH IN THIS
DISCLOSURE OF INFORMATION, YOU ARE SUGGESTED TO CONSULT WITH YOUR BROKER, INVESTMENT MANAGER, LEGAL
COUNSEL, PUBLIC ACCOUNTANT OR OTHER PROFESSIONAL ADVISORS.
THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS ARE, JOINTLY AND SEVERALLY, FULLY RESPONSIBLE FOR
THE TRUE AND CORRECTNESS, AND COMPLETENESS OF THE INFORMATION DISCLOSED HEREIN AND IN ANY ADDITIONAL
DISCLOSURE, IF ANY, AND HEREBY CONFIRM THAT THE INFORMATION CONTAINED IN THIS DISCLOSURE OF
INFORMATION IS CORRECT, AND THERE IS NO SIGNIFICANT, MATERIAL AND RELEVANT FACT THAT HAS NOT BEEN
DISCLOSED OR HAS BEEN REMOVED SUCH THAT THE DISCLOSURE OF INFORMATION HEREIN BECOMING INCORRECT
AND/OR MISLEADING.
AFTER CAREFUL EXAMINATION, THE COMPANY'S BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS, JOINTLY AND
SEVERALLY STATES THAT THESE AFFILIATED TRANSACTIONS ARE NOT CONSTITUTE A MATERIAL TRANSACTION AS MEANT
BY POJK 17 (AS DEFINED IN THIS DISCLOSURE OF INFORMATION) AND DO NOT CONTAIN ANY CONFLICT OF INTEREST AS
MEANT BY POJK 42.
THE BOARD OF DIRECTORS OF THE COMPANY, BOTH JOINTLY AND SEVERALLY STATES THAT THESE AFFILIATED
TRANSACTIONS HAVE WENT THROUGH ADEQUATE PROCEDURES TO ENSURE THAT THESE AFFILIATED TRANSACTIONS
ARE IMPLEMENTED IN ACCORDANCE WITH THE GENERALLY APPLICABLE BUSINESS PRACTICES.
PT HANJAYA MANDALA SAMPOERNA Tbk.
(the “Company”)
Domiciled in Surabaya
Business Line:
Cigarette Industry
Head Office:
Jl. Rungkut Industri Raya No. 18, Surabaya 60293, Indonesia
Telephone: 031 – 843 1699, Facsimile: 031 – 843 0986
Factory Location:
Surabaya, Pasuruan, Malang, Karawang, Probolinggo, Blitar, Tegal
Corporate Representative Office:
One Pacific Place, 18th Floor, Sudirman Central Business District,
Jl. Jend. Sudirman Kav. 52-53,
Jakarta 12190, Indonesia
Telephone: 021 – 515 1234, Facsimile: 021 – 515 2234
This Disclosure of Information is published in Jakarta on July 2, 2024
Page 2
DEFINITIONS
Disclosure of Information: means the disclosure of information related to affiliated transaction as
specified in the announcement and/or disclosure of information and any additional information that may
or will be made available.
Fairness Opinion Report: means a report submitted by the Independent Appraiser No. 00075/2.0095-
00/BS/04/0269/1/VI/2024 dated 28 June 2024 regarding fairness opinion on the Transaction.
Lease Object I: is a warehouse building/room/area (A02/B) with a total area of 2,268 m2, located at Jl.
Raya Surabaya-Malang KM. 51,4, Ngadimulyo Village, Sukorejo District, Pasuruan Regency, East Java.
Lease Object II: is 2 (two) warehouses building/room/area, each covering an area of 2,808 m2, or with a
total area of 5,616 m2, located on Jl. Permata II Lot BB-3, 4B, 7, and 8A, Karawang International Industrial
City (KIIC), Sukaluyu Village, East Jambe Bay District, Karawang Regency, West Java.
The Financial Services Authority or OJK: means the independent institution as set forth under Law No.
21 of 2011 on the Financial Services Authority (“OJK Law”), who has the regulatory and supervisory duties
and authorities over the sectors of banking, capital market, insurance, pension fund, financing and other
financial institutions, and as of December 31, 2012, OJK is the institution that has replaced and accepts
the rights and obligations to run the regulatory and supervisory functions from Bapepam and/or Bapepam
and LK pursuant to Article 55 of the OJK Law.
Independent Appraiser: means the public appraiser firm of KJPP Ruky, Safrudin & Rekan, an independent
appraiser registered with OJK that has been appointed by the Company to appraise the fairness of the
Transaction.
Lease Agreements: collectively, Lease Agreement I and Lease Agreement II.
Lease Agreement I: means Lease Agreement signed by the Company as the owner and PMID as the lessee
which is effective as of July 1, 2024, in relation to the lease of Lease Object I.
Lease Agreement II: means Lease Agreement signed by the Company as the owner and PMID as the lessee
which is effective as of July 1, 2024, in relation to the lease of Lease Object II.
The Company: means PT Hanjaya Mandala Sampoerna Tbk., a publicly listed company incorporated under
and subject to the laws of Indonesia, domiciled in Surabaya, Indonesia.
PMID: means PT Philip Morris Indonesia, the major shareholder of the Company, a limited liability
company incorporated under the laws of Indonesia, engaged in the white cigarette industry.
PM International: means Philip Morris International Inc., a business entity incorporated under the laws
of the Commonwealth of Virginia, United States, engaged in the manufacturing and trading of cigarettes,
other tobacco products and other nicotine-containing products marketed outside the United States, and
owns, directly or indirectly, 100% of the issued shares in Philip Morris Products SA and PMID.
1
Page 3
POJK 17: means The Financial Services Authority Regulation No. 17/POJK.04/2020 dated 21 April 2020, on
Material Transactions and Changes in Main Business Activities.
POJK 42: means The Financial Services Authority Regulation No. 42/POJK.04/2020 dated 2 July 2020, on
Affiliated Transactions and Conflict of Interest Transactions.
Transaction: means collectively, leasing activities between the Company as the lessor and PMID as the
lessee for Lease Object I and Lease Object II.
Capital Market Law: means Law No. 8 of 1995 dated 10 November 1995 on Capital Market.
INTRODUCTION
This Disclosure of Information is made in connection with the Transaction. The Lease Agreements are
Affiliated Transactions according to POJK 42. However, the Lease Agreements are not Transactions with
Conflict of Interest as defined under POJK 42 and are not Material Transactions as defined under POJK 17,
based on an appraisal report from the Independent Appraiser regarding the fairness of the Transaction,
the summary of which is presented in Section III of this Disclosure of Information.
I. DESCRIPTION ON THE TRANSACTION
A. Background and Reasons for the Transaction
The Company has several warehouse buildings/rooms/areas that are not currently being used by
the Company in the complex where Lease Object I and Lease Object II are located. At the same
time, PMID needs several buildings/rooms/areas to be used as warehouses and its supporting
areas so that PMID can carry out its business activities well.
The purpose of this Transaction is to optimize the utilization of unused assets so that it can
generate income for the Company.
The Transaction is not carried out by the Company with non-affiliated party of the Company
because the provision of the services by an affiliated party can be provided more quickly,
effectively, efficiently and better coordinated than if similar transaction were carried out with a
non-affiliated party.
B. Object of the Agreement
1. Object of the Transaction
Based on Lease Agreement I and Lease Agreement II, the Company consecutively leases Lease
Object I and Lease Object II to PMID. Here are the complete details about Lease Object I and
Lease Object II:
(i) Lease Object I
2
Page 4
Warehouse building/room/area (A02/B) covering an area of 2,268 m2 (two thousand two
hundred and sixty-eight square meters), which is part of a building with a total building
area of 36,420 m2 (thirty-six thousand four hundred and twenty square meters) and
located at Jl. Raya Surabaya-Malang KM. 51,4, Ngadimulyo Village, Sukorejo District,
Pasuruan Regency, East Java; and
(ii) Lease Object II
2 (two) warehouse buildings/rooms/areas, each covering an area of 2,808 m2 (two
thousand eight hundred and eight square meters), or with a total area of 5,616 m2 (five
thousand six hundred and sixteen square meters), which are part of a building with a total
building area of 173,480 m2 (one hundred and seventy three thousand four hundred and
eighty square meters) located on Jl. Permata II Lot BB-3, 4B, 7, and 8A, Karawang
International Industrial City (KIIC), Sukaluyu Village, East Jambe Bay District, Karawang
Regency, West Java.
2. Transaction Value
Lease Agreement I and Lease Agreement II are each valid for 5 (five) years, starting from July
1, 2024, up to and including June 30, 2029, with respective lease fees as follows:
(i) Lease Agreement I
Total lease fee for Lease Object I for 5 (five) years is Rp.3,186,250,000 (three billion one
hundred and eighty-six million two hundred and fifty thousand Rupiah) with an annual
billing mechanism where the Company will charge PMID in the amount of
Rp.637,250,000 (six hundred and thirty-seven million two hundred and fifty thousand
Rupiah). This amount does not include Value Added Tax (VAT). This value is in
accordance with the fair market value of office rent as of December 31, 2023, based on
a business appraisal conducted by the Independent Appraiser.
(ii) Lease Agreement II
Total lease fee of Lease Object II for 5 (five) years is Rp.21,879,500,000 (twenty-one
billion eight hundred and seventy-nine million five hundred thousand Rupiah) with an
annual billing mechanism where the Company will invoice PMID in the amount of
Rp.4,375,900,000 (four billion three hundred and seventy-five million nine hundred
thousand Rupiah). This amount does not include Value Added Tax (VAT). This value is
in accordance with the fair market value of office rent as of December 31, 2023, based
on a business appraisal conducted by the Independent Appraiser.
The Company will issue an invoice related to the lease fee for Lease Object I and Lease Object
II to PMID in August each year, and PMID will make payment to the Company for the lease
fee no later than 30 (thirty) days after the date of issuance of the invoice by the Company.
The total value of Transaction for 5 years is 0,08% of the Company's equity based on the
Company's audited consolidated financial statements as of December 31, 2023. Thus, the
Transaction is not a Material Transaction as defined in POJK 17, because the value of the
Transaction is not more than 20% (twenty percent) of the Company's equity.
3
Page 5
C. Parties to the Transaction and Their Relationships with the Company
The chart below shows the Company's share ownership and the parties conducting the
Transaction:
The following is information regarding parties carrying out the Transaction with the Company:
PT Philip Morris Indonesia
Currently, PMID owns 92.44% of the shares issued by the Company. PMID is a company that is
part of PM International Group. The Company and PMID have the same controlling party, namely
PM International.
The current composition of management of PMID is as follows:
Board of Directors
President Director : Ahmad Mashuri
Director : Roy K. Hekekire
Board of Commissioners
Commissioner : Devraj Doss
D. Nature of Affiliated Relation between Parties to the Transaction
As explained above, PMID owns approximately 92.44% of the shares in the Company and is
therefore the major shareholder of the Company. Furthermore, PMID is controlled by PM
International. Based on these matters, the Company is an Affiliated Party of PMID pursuant to the
Capital Market Law and POJK 42.
4
Page 6
II. DESCRIPTION ON THE COMPANY
A. History
The Company is a publicly listed limited liability company established under the laws of the
Republic of Indonesia within the framework of the Indonesian Capital Investments Law. The
Company was established on October 19, 1963, by virtue of Deed No. 69 dated October 19, 1963,
which was amended by Deed No. 46 dated April 15, 1964, both drawn up before Anwar
Mahajudin, S.H., Notary in Surabaya, which have been approved by the Minister of Justice of the
Republic of Indonesia by virtue of his Decree No. J.A.5/59/15 dated April 30, 1964, and have been
published in the State Gazette of the Republic of Indonesia No. 94 dated November 24, 1964,
Supplement No. 357. The articles of association of the Company have been amended several
times, lastly by virtue of Deed No. 41 dated June 9, 2022, drawn up before Notary Aulia Taufani,
S.H., which has obtained approval from the Minister of Law and Human Rights of the Republic of
Indonesia by virtue of his Decree No. AHU-0044445.AH.01.02.TAHUN 2022, dated June 29, 2022.
B. Capital Structure and Shareholding Composition
The capital structure and the shareholding composition of the Company based on Shareholders’
Register of the Company as June 21, 2024, are as follows:
Authorized Capital : IDR 630,000,000,000 Nominal Value : IDR 4/share
Subscribed and Issued Capital : IDR 465,272,307,600
No Name Number of Shares Nominal Value (IDR) %
1 Public shareholders holding more than 5% - PMID 107,523,239,925 430,092,959,700 92.44
2 Other public shareholders 8,794,836,975 35,179,347,900 7.56
Total 116,318,076,900 465,272,307,600 100
C. Capital Structure and Shareholding Composition
The compositions of members of the Board of Commissioners and of the Board of Directors of the
Company pursuant to Deed No. 4 dated June 7, 2024, drawn up before Aryanti Artisari, S.H.,
M.Kn., Notary in Administrative City of South Jakarta, which has obtained the Receipt of the
Notification of Changes in the Company's Data from the Minister of Law and Human Rights No.
AHU-AH.01.09-0215933 dated June 20, 2024, are as follows:
The Board of Commissioners
President Commissioner : John Gledhill
Vice President Commissioner : Paul Norman Janelle
Independent Commissioner : Justin Guy Mayall
5
Page 7
Independent Commissioner : Luthfi Mardiansyah
The Board of Directors
President Director : The Ivan Cahyadi
Director : Sergio Colarusso
Director : Elvira Lianita
Director : Andre Dahan
Director : Gunnar Beckers
Director : Johan Bink
Director : Sharmen Karthigasu
Director : Yohan Lesmana
III. SUMMARY OF OPINION OF THE INDEPENDENT APPRAISER
To ensure fairness of the Transaction and also to ensure that the Transaction do not have a conflict-of-
interest element, the Company has appointed Ruky, Safrudin & Rekan as the Independent Appraiser
carrying out the assessment of the fairness of the Transaction.
The Independent Appraiser states that it has no affiliate relationship either directly or indirectly with the
Company as defined under the Capital Market Law.
Summary of Opinion of the Independent Appraiser
A. Asset Appraisal Report Summary
Identity of the Valuer
KJPP Ruky, Safrudin dan Rekan has a business license from the Ministry of Finance of the Republic
of Indonesia No. 2.11.0095 based on the Decree of the Minister of Finance of the Republic of
Indonesia No. 533/KM.1/2016 dated June 16, 2016 and registered as capital market supporting
professional in OJK according to Registered Letter of Capital Market Supporting Professional
(Property Valuer) No. STTD.PP-28/PJ-1/PM.02/2023.
A. 1 Asset Appraisal Report
The following is the summary of Asset Appraisal Report No. 00067/2.0095-04/0090/1/V/2024
dated May 31, 2024.
Appraisal Object
Warehouse A01/B with an area of 2.268 sq.m and Warehouse A02/B with an area of 2.268 sq.m,
located at Jalan Raya Surabaya-Malang KM. 51,4, Desa Ngadimulyo, Kecamatan Sukorejo,
Kabupaten Pasuruan, Provinsi Jawa Timur.
Purpose of Appraisal
6
Page 8
to provide an opinion on Market Rent Value for the purpose of lease property object transactions,
not for banking, or any other purpose.
Approach and Method
Market Approach with Market Data Comparison Method and Income Approach with GIM (Gross
Income Multiplier) Method.
Cut Off Date
The cut off date used in the report as of December 31, 2023.
Value Conclusion
The Annual Market Rent Value conclusion is IDR1,274,500,000 (Indonesian Rupiah One Billion Two
Hundred Seventy Four Million Five Hundred Thousand).
A. 2 Asset Appraisal Report
The following is the summary of Asset Appraisal Report No. 00066/2.0095-04/0090/1/V/2024
dated May 31, 2024.
Appraisal Object
Warehouse KR-06 with an area of 2.808 sq.m and Warehouse KR-07 with an area of 2.808 sq.m,
located at Jalan Permata II Lot BB-3, 4B, 7, dan 8A, Karawang International Industrial City (KIIC),
Desa Sukaluyu, Kecamatan Teluk Jambe Timur, Kabupaten Karawang, Provinsi Jawa Barat.
Purpose of Appraisal
to provide an opinion on Market Rent Value for the purpose of lease property object transactions,
not for banking, or any other purpose.
Approach and Method
Market Approach with Market Data Comparison Method and Income Approach with GIM (Gross
Income Multiplier) Method.
Cut Off Date
The cut off date used in the report as of December 31, 2023.
Value Conclusion
The Annual Market Rent Value conclusion is IDR4,375,900,000 (Indonesian Rupiah Four Billion
Three Hundred Seventy Five Million Nine Hundred Thousand).
Assumption and Limiting Conditions
1. The ownership of properties which included in this appraisal is considered legally valid.
7
Page 9
2. All disputes lawsuit and mortgages that are still running, if any, can be ignored and the
property being valued as if clean under owner’s responsibility.
3. This appraisal is based on a list of assets that have been given by the Assignor.
4. Appraiser(s) have been reviewing the documents used in the appraisal process.
5. Appraiser(s) does not verify the legality since appraiser are not lawyer in the field of law,
we assume that the documents concerning to the property are good, marketable, and free
from any disputes or other bindings.
6. Appraiser(s) does not conduct an investigation and neither is the responsibility of the
appraiser(s) if there are issues relating to the property rights or debt/losses on the property
being valued.
7. To the extent within the known knowledge of the appraiser, any data and facts presented
in this report is true and accurate.
8. The value in the conclusion is stated in Rupiah based on the understanding that the market
for property is denominated in Rupiah.
9. The report is in bilingual format. Digit grouping symbol in this report using Indonesian
format by using symbol ". (point) "
10. This report is in bilingual format, if there are different interpretations of both, Indonesian
is preferred.
11. RSR, which in this case, the appraiser(s) and its employees have no personal interest or
advantages related to this assignment and fee for this assignment is in no way influenced
by the result of our appraisal conclusion.
12. his appraisal has been carried out in accordance with the Indonesian Appraiser Code of
Ethics (KEPI) and Indonesian Appraisal Standards (SPI) Edition VII-2018, as well as the
Republic of Indonesia Financial Services Authority Regulation No. 28/ POJK.04/2021.
13. Standard appraisal in this report of appraisal is a standard applicable in the Indonesian
Appraisal Standard (SPI) 7th Edition-2018, as well as the Republic of Indonesia Financial
Services Authority Regulation No. 28/ POJK.04/2021.
14. Any party does not have the right to publish or use this report and for any purposes without
written consent from RSR.
15. This appraisal report is considered valid if there is RSR’s seal or stamps and signed by
licensed appraiser whose name is listed in this report.
16. We do not recommend this report for any other use, because purpose of appraisal will
determine the basic of value.
17. Responsibility the appraiser is limited to the Assignor and Appraiser is not responsible for
any other parties who use this Appraisal Report. The other parties using this report are
responsible for any risks arising.
18. The Company should grant in demnify and warranties of any disruption to the RSR from and
against any dispute claim, responsibility, costs and expenses (including but not limited to
legal fees and time given) addressed, paid or incurred by RSR at any time and posed a
variety of ways in connection with the issuance of asset appraisal report, except have been
previously made in the agreements.
8
Page 10
19. The Appraiser(s) is responsible for the implementation, appraisal report, and the final value
conclusion.
B. Summary of Fairness Opinion
Identity of the Valuer
KJPP Ruky, Safrudin dan Rekan has a business license from the Ministry of Finance of the Republic
of Indonesia No. 2.11.0095 based on the Decree of the Minister of Finance of the Republic of
Indonesia No. 1131/KM.1/2011 dated October 14, 2011 and registered as capital market supporting
professional in OJK according to Registered Letter of Capital Market Supporting Professional
(Business Valuer) No. STTD.PB-23/PJ-1/PM.02/2023.
Object of The Fairness Opinion Analysis
The object of fairness analysis is the Company plan to lease the Rental Object to PMID.
The Purpose of This Fairness Opinion
The purpose of this Fairness Opinion report is to provide opinion on the fairness of the Company
plan to lease the Rental Object to PMID as outlined in this report in order to comply with POJK
42/2020, not for taxation purpose, banking and not for other forms of transaction plan.
Assumptions and Disclaimer Limitations
Laporan Pendapat Kewajaran ini disusun dengan menggunakan Inkremental Proyeksi Keuangan
yang disiapkan oleh manajemen Perseroan dengan mencerminkan kewajaran proyeksi dan
kemampuan pencapaiannya (fiduciary duty).
This Fairness Opinion Report is a non-disclaimer opinion, we have reviewed the documents used in
the process of preparing the fairness opinion, data and information obtained from both
management of the Company and other reliable sources that can be trusted for accuracy.
This Fairness Opinion Report has been prepared using Incremental Financial Projection provided by
management of the Company by reflecting the fairness of the projections and the ability to achieve
them (fiduciary duty).
This fairness opinion is prepared based on the integrity of the information and data. In preparing
this fairness opinion, we have relied and based on the information and data prepared by the
Company’s management, which we deem to be true, complete, reliable and not misleading.
Methodology for Fairness Analysis
In evaluating the fairness of the Proposed Transactions, we used the following methodology
analysis:
1. Proposed Transactions Analysis: identification of parties involved in the Proposed
Transactions, and analysis of benefit and risk of the Proposed Transactions;
2. Qualitative analysis: analysis of background of the Proposed Transactions, brief explanation
of the Company and business activities, industry analysis, operational analysis, business
prospect, advantages and disadvantages of the Proposed Transactions;
3. Quantitative analysis: historical analysis, analysis of proforma financial statements, and
incremental financial projections analysis;
9
Page 11
4. Analysis of other relevant factors, in the form of analysis of relevant costs and revenues,
relevant non-financial information that can provide confidence in providing a fairness opinion;
5. Analysis on the Fairness of the Proposed Transactions Price;
Fairness Opinion of the Transactions
By considering the fairness analysis of the Proposed Transactions which includes analysis of the
Proposed Transactions, qualitative analysis and quantitative analysis, analysis of the fairness of the
transaction price and other relevant factors, in RSR's opinion, the Proposed Transactions are fair.
IV. STATEMENT OF THE BOARD OF DIRECTORS AND BOARD OF COMMISSIONERS
In connection with the Transaction, the Board of Directors and the Board of Commissioners of the
Company declare that, after conducting a reasonable examination and to the best of their knowledge and
belief, all material information has been disclosed in this Disclosure of Information and such information
is not misleading.
V. ADDITIONAL INFORMATION
Shareholders who have questions about this Disclosure of Information or who wish to have additional
information are invited to contact:
The Corporate Secretary and Investor Relations
PT HANJAYA MANDALA SAMPOERNA Tbk.
One Pacific Place, 18th Floor,
Sudirman Central Business District,
Jl. Jend. Sudirman Kav. 52-53,
Jakarta 12190, Indonesia
Telephone: 021 – 515 1234
Facsimile: 021 – 515 2234
Jakarta, July 2, 2024
The Board of Directors of the Company
10
Names mentioned 32 people and organisations named in the text · linked when the evidence is strong
unresolved
org
FINANCIAL SERVICES AUTHORITY
p.1 ×7
unresolved
org
Bapepam
p.2 ×4
unresolved
org
KJPP Ruky
p.2 ×3
unresolved
org
Safrudin & Rekan
p.2 ×2
unresolved
org
Philip Morris International Inc.
p.2
unresolved
org
PT Philip Morris Indonesia Currently
p.5
unresolved
person
Anwar Mahajudin
· Notaris
p.6
unresolved
org
Minister of Justice
p.6
unresolved
person
Notary Aulia Taufani
p.6
unresolved
org
Minister of Law and Human Rights
p.6
unresolved
org
Public shareholders holding more than 5% - PMID
p.6
unresolved
person
Aryanti Artisari
· Notaris
p.6
unresolved
org
Safrudin dan Rekan
p.7 ×2
unresolved
org
Ministry of Finance
p.7 ×2
unresolved
org
Minister of Finance
p.7 ×2
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
Rule parser
Needs review
confidence 0.091
3947 ms
12 Sep 2026 23:01
Raw output
{'appraiser_exempt': None,
'appraiser_name': '',
'assets': [],
'currency': None,
'fact_type': '',
'issuer_name': '',
'kind': 'MATERIAL_FACT',
'kjpp_name': '',
'letter_number': '',
'object_text': '',
'object_truncated': False,
'parties': [],
'pct_of_equity': None,
'reference_period': '',
'requires_rups': None,
'rups_date': None,
'ticker': '',
'transaction_date': None,
'valuation_date': None,
'value': None}