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20240429_EMTK_Transaksi Material Tanpa Persetujuan RUPS_31631348_lamp3.pdf
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INFORMATION DISCLOSURE TO THE SHAREHOLDERS OF
PT ELANG MAHKOTA TEKNOLOGI TBK (“COMPANY”)
ON MATERIAL TRANSACTION
This Information Disclosure is made and presented to the shareholders of the Company in order to
comply with Regulation of the Financial Services Authority Number 17/POJK.04/2020 on Material
Transactions and Changes in Business Activities (“POJK No. 17/2020”).
This Information Disclosure is made in relation to the acquisition transaction of PT Cardig Aero
Services Tbk by PT Roket Cipta Sentosa, a controlled subsidiary of the Company.
The Board of Commissioners and the Board of Directors of the Company, solely or jointly, are fully
responsible for the completeness and accuracy of all information or material facts stated in this
Information Disclosure and emphasize that the information provided in this Information Disclosure is
true and there are no undisclosed material facts that may render the material information in this
Information Disclosure become untrue and/or misleading.
If you have any difficulties in understanding the information provided in this Information Disclosure,
please consult with securities trading brokers, investment managers, legal counsels, public
accountants, financial advisors, or other professionals.
PT ELANG MAHKOTA TEKNOLOGI TBK
Domiciled in Central Jakarta, Indonesia
Business Activities:
Other Management Consultancy Activities, Holding Company Activities, and
Wholesale Trade of Telecommunications Equipment
Head Office:
SCTV Tower 18th Floor, Senayan City
Jl. Asia Afrika Lot 19, Jakarta 10270, Indonesia
Telp. +62 (21 7278 2066
Fax. +6221 7278 2194
Email: corsec@emtek.co.id
Website: www.emtek.co.id
This Information Disclosure is announced on the websites of the Company and Indonesia Stock Exchange.
This Information Disclosure is published on 29 April 2024.
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DEFINITIONS AND ABBREVIATIONS
Acquisition Transaction : means the purchase of shares in PT CASS by PT RCS from the Sellers
in the total amount of 1,064,344,500 (one billion sixty-four million
three hundred forty-four thousand five hundred) shares (or
approximately 51% (fifty-one percent) shares) in PT CASS which
resulted in PT RCS being the direct Controller of PT CASS as of the
Completion Date.
Company : means PT Elang Mahkota Teknologi Tbk, domiciled in Central
Jakarta, a public company listed on the Indonesia Stock Exchange,
established and operated by virtue of the laws of the Republic of
Indonesia.
Completion Date : on 25 April 2024, which is the completion date of Acquisition
Transaction under PT CAM and PT DRS Share Sale and Purchase
Agreement and Cemerlang Share Sale and Purchase Agreement.
Controller : means any party who directly or indirectly:
a. owns shares in a public company for more than 50% (fifty
percent) of its total fully paid-up shares with voting rights; or
b. has the ability to determine, either directly or indirectly and in
any way, the management and/or policy of a public company,
as referred to in POJK No. 9/2018.
Information Disclosure : means this Information Disclosure containing information related to
the Acquisition Transaction that is made in order to comply with
POJK No. 17/2020.
Financial Services Authority : means Financial Services Authority (Otoritas Jasa Keuangan), a state
or OJK institution that is independent and has the functions, duties, and
authorities of regulating, supervising, examining and investigating as
referred to in Law Number 21 of 2011 concerning the Financial
Services Authority, as amended by Law Number 4 of 2023 on
Development and Strengthening of the Financial Sector.
Material Transaction : has the meaning as referred to in POJK No. 17/2020.
MOLHR : means Ministry of Law and Human Rights of the Republic of
Indonesia (formerly known as the Minister of Justice of the Republic
of Indonesia, the Minister of Justice and Human Rights of the
Republic of Indonesia, or the Minister of Law and Legislation of the
Republic of Indonesia or other names).
POJK No. 17/2020 : means Regulation of the Financial Services Authority Number
17/POJK.04/2020 on Material Transactions and Changes in Business
Activities.
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POJK No. 42/2020 : means Regulation of the Financial Services Authority Number
42/POJK.04/2020 on Affiliated Party Transactions and Conflict of
Interest Transactions.
POJK No. 9/2018 : means Regulation of the Financial Services Authority Number
9/POJK.04/2018 on the Acquisition of Public Companies.
PT CAM and PT DRS Share : means the conditional share sale and purchase agreement dated 15
Sale and Purchase March 2024 entered into by and between PT RCS and PT CAM and
Agreement PT DRS in relation to the sale of (i) 492,127,268 (four hundred
ninety-two million one hundred twenty-seven thousand two
hundred sixty-eight) shares (or approximately 23.58% (twenty-three
point five eight percent) shares) in PT CASS owned by PT CAM and
(ii) 366,587,032 (three hundred sixty-six million five hundred eighty-
seven thousand thirty-two) shares (or approximately 17.57%
(seventeen point five seven percent) shares) in PT CASS owned by
PT DRS.
PT CASS : means PT Cardig Aero Services Tbk, domiciled in East Jakarta, a
public company listed on the Indonesia Stock Exchange, established
and operated by virtue of the laws of the Republic of Indonesia,
which is the target company.
PT CASS’ Financial : means the Consolidated Financial Statements of PT CASS for the
Statements year ended on 31 December 2023, which has been audited by the
Public Accountant Firm of KAP Purwantono, Sungkoro & Surja, a
member firm of Ernst & Young Global Limited, with independent
auditor's report No. 00308/2.1032/AU.1/06/1716- 3/1/III/2024
dated 26 March 2024, signed by Mr. Dede Rusli.
PT JASS : means PT Jasa Angkasa Semesta Tbk, domiciled in East Jakarta, a
public company, established and operated by virtue of the laws of
the Republic of Indonesia, which is the controlled subsidiary of PT
CASS.
PT RCS : means PT Roket Cipta Sentosa, domiciled in Central Jakarta, a
limited liability company established and operated by virtue of the
laws of the Republic of Indonesia, which is a controlled subsidiary of
the Company.
Cemerlang Share Sale and : means the conditional share sale and purchase agreement dated 16
Purchase Agreement April 2024 entered into by and between PT RCS and Cemerlang in
relation to the sale of 205,630,200 (two hundred five million six
hundred thirty thousand two hundred) shares (or approximately
9.85% (nine point eight five percent) shares) in PT CASS owned by
Cemerlang.
Sellers : means the shareholders of PT CASS that have sold their shares in PT
CASS to PT RCS on the Completion Date as follows:
a. PT Cardig Asset Management (“PT CAM”);
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b. PT Dinamika Raya Swarna (“PT DRS”); and
c. Cemerlang Pte. Ltd. (“Cemerlang”).
The Company’s Financial : means the Consolidated Financial Statements of the Company for
Statements the year ended on 31 December 2023, which has been audited by
the Public Accountant Firm of Purwantono, Sungkoro & Surja, a
member firm of Ernst & Young Global Limited, with independent
auditor's reports No. 00461/2.1032/AU.1/10/1294-3/1/III/2024
dated 30 March 2024, signed by Mr. Said Amru.
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I. PREAMBLE
This Information Disclosure is made and presented to the shareholders of the Company in connection
with the purchase of shares in PT CASS by PT RCS from the Sellers. PT RCS has entered into a shares sale
and purchase agreement with PT CAM (as the previous Controller of PT CASS) and PT DRS in relation to
the sale of (i) 492,127,268 (four hundred ninety-two million one hundred twenty-seven thousand two
hundred sixty-eight) shares (or approximately 23.58% (twenty-three point five eight percent) shares) in
PT CASS owned by PT CAM and (ii) 366,587,032 (three hundred sixty-six million five hundred eighty-seven
thousand thirty-two) shares (or approximately 17.57% (seventeen point five seven percent) shares) in PT
CASS owned by PT DRS. In addition, PT RCS has also managed to make an agreement with Cemerlang in
relation to the sale of 205,630,200 (two hundred five million six hundred thirty thousand two hundred)
shares (or approximately 9.85% (nine point eight five percent) shares) in PT CASS owned by Cemerlang.
PT RCS has been selected as the preferred bidder in the auction held in relation to the sale of majority
stake in PT CASS above. Therefore, the total shares purchased from the Sellers is 1,064,344,500 (one
billion sixty-four million three hundred forty-four thousand five hundred) shares (or approximately 51%
(fifty-one percent) shares) in PT CASS with a total purchase price of IDR872,762,490,000 (eight hundred
seventy-two billion seven hundred sixty-two million four hundred ninety thousand Rupiah). The
Acquisition Transaction resulted in PT RCS being the direct Controller of PT CASS as of the Completion
Date.
The Acquisition Transaction constitutes a Material Transaction for the Company where it exceeds the
relevant 50% materiality threshold as referred to in POJK No. 17/2020 on the basis that PT CASS’ net profit
compared to the the Company’s net loss, based on PT CASS’ Financial Statements and the Company’s
Financial Statements respectively. However, given that the Acquisition Transaction is carried out through
an auction process where PT RCS has been selected as the preferred bidder by, pursuant to the provision
of Article 11 letter (f) of POJK No. 17/2020, the Acquisition Transaction is exempted from the requirements
to use an appraiser to determine the fair value of the object of the Material Transaction and/or the
fairness of the Material Transaction and to obtain the approval from the GMOS of the Company.
In light of the above and in accordance with the prevailing laws and regulations, the Board of Directors of
the Company announces this Information Disclosure in order to comply with POJK No. 17/2020.
II. BRIEF DESCRIPTION OF THE MATERIAL TRANSACTION
A. Object of the Material Transaction
1,064,344,500 (one billion sixty-four million three hundred forty-four thousand five hundred)
shares (or approximately 51% (fifty-one percent) shares) in PT CASS.
B. Value of the Material Transaction
The total purchase price is IDR872,762,490,000 (eight hundred seventy-two billion seven hundred
sixty-two million four hundred ninety thousand Indonesian Rupiah).
C. Brief Description of the Acquisition Transaction
The Acquisition Transaction is carried out through an auction process where PT RCS has been
selected as the preferred bidder by PT CAM (as the previous Controller of PT CASS) and PT DRS. In
connection with the Acquisition Transaction, PT RCS has entered into the following agreements:
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1. PT CAM and PT DRS Share Sale and Purchase Agreement, the key terms and conditions of
which are set out below:
Parties : a. PT RCS as the buyer; and
b. PT CAM and PT DRS as the sellers.
Object : The sale of (i) 492,127,268 (four hundred ninety-two million
one hundred twenty-seven thousand two hundred sixty-eight)
shares (or approximately 23.58% (twenty-three point five eight
percent) shares) in PT CASS owned by PT CAM and (ii)
366,587,032 (three hundred sixty-six million five hundred
eighty-seven thousand thirty-two) shares (or approximately
17.57% (seventeen point five seven percent) shares) in PT CASS
owned by PT DRS, upon the terms and conditions as set out in
the PT CAM and PT DRS Share Sale and Purchase Agreement.
Purchase Price : The purchase price per share is IDR820 (eight hundred twenty
Rupiah).
The total purchase price for shares sold by PT CAM is
IDR403,544,359,760 (four hundred three billion five hundred
forty-four million three hundred fifty-nine thousand seven
hundred sixty Rupiah) and the total purchase price for shares
sold by PT DRS is IDR300,601,366,240 (three hundred billion six
hundred one million three hundred sixty-six thousand two
hundred forty Rupiah).
The purchase price has been fully paid by PT RCS to PT CAM
and PT DRS respectively on the Completion Date pursuant to
the PT CAM and PT DRS Share Sale and Purchase Agreement.
Governing Law : Indonesian law
Dispute Resolution : Any dispute shall be resolved by the authorised district court
in Indonesia.
2. Cemerlang Share Sale and Purchase Agreement, the key terms and conditions of which are
set out below:
Parties : a. PT RCS as the buyer; and
b. Cemerlang as the seller.
Object : The sale of 205,630,200 (two hundred five million six hundred
thirty thousand two hundred) shares (or approximately 9.85%
(nine point eight five percent) shares) in PT CASS owned by
Cemerlang, upon the terms conditions as set out in the
Cemerlang Share Sale and Purchase Agreement.
Purchase Price : The purchase price per share is IDR820 (eight hundred twenty
Rupiah).
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The total purchase price for shares sold by Cemerlang is
IDR168,616,764,000 (one hundred sixty-eight billion six
hundred sixteen million seven hundred sixty-four thousand
Rupiah) pursuant to Cemerlang Share Sale and Purchase
Agreement.
The Purchase Price has been fully paid by PT RCS to Cemerlang
on the Completion Date pursuant to Cemerlang Share Sale and
Purchase Agreement.
Governing Law : Indonesian law
Dispute Resolution : Any dispute shall be resolved by the Singapore International
Arbitration Centre.
The Acquisition Transaction has been completed on the Completion Date by way of crossing the
sale shares on the negotiated market of the Indonesia Stock Exchange.
D. Brief Information on the Parties undertaking the Acquisition Transaction
1. PT RCS (as the Buyer)
a. Brief Description
PT RCS was established in 2022 pursuant to the Deed of Establishment No. 78 dated
14 March 2022, made before Stephanie Wilamarta, S.H., Notary in North Jakarta,
which has obtained a ratification of the legal entity establishment from the MOLHR by
virtue of its Decree No. AHU-0019241.AH.01.01.Tahun 2022 dated 16 March 2022
(“Deed 78/2022”). Deed 78/2022 sets out the initial articles of association of PT RCS
which have been amended by Deed No. 3 dated 3 April 2024, made Stephanie
Wilamarta, S.H., Notary in North Jakarta which has obtained approval from the MOLHR
based on Approval of Amendment to the Articles of Association No. AHU-
0021371.AH.01.02.TAHUN 2024 dated 3 April 2024 and has been notified to the
MOLHR based on the Receipt of Notification on Amendment to the Articles of
Association No. AHU-AH.01.03-0082083 dated 3 April 2024.
PT RCS is domiciled in Central Jakarta and having its office at Menara Batavia 5th floor,
Jl. KH Mas Mansyur Kav. 126, Karet Tengsin, Tanah Abang, Central Jakarta.
b. Business Activities
The business activities of PT RCS are other management consultancy activities and
holding company activities.
c. Capital Structure and Shareholding Composition
On the date of this Information Disclosure, the capital structure and shareholding
composition of PT RCS are as follows:
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Description Number of Nominal Value per Share %
Shares (IDR100,000) (IDR)
Authorised Capital 10,500,000 1,050,000,000,000
Issued and Paid-Up Capital
Shareholders:
1. PT Elang Mahkota 10,499,975 1,049,997,500,000 99.00
Teknologi Tbk.
2. PT Elang Aliansi 25 2,500,000 1.00
Sejahtera
Total Issued and Paid-Up 10,500,000 1,050,000,000,000 100.00
Capital
Total Shares in Portfolio 0 0
d. Board of Directors and Board of Commissioners
On the date of this Information Disclosure, the composition of the Board of Directors
and Board of Commissioners of PT RCS is as follows:
Board of Commissioners
President Commissioner : Titi Maria Rusli
Commissioner : Sutiana Ali
Board of Directors
President Director : Andya Daniswara
Director : Ang, Lusyana
2. The Sellers
a. PT CAM
PT CAM is a limited liability company established and operated by virtue of the laws of
the Republic of Indonesia and has its registered office at Menara Cardig 3rd Floor, Jl.
Raya Halim Perdanakusuma RT.008/008, East Jakarta.
b. PT DRS
PT DRS is a limited liability company established and operated by virtue of the laws of
the Republic of Indonesia and has its registered office at Indonesia Stock Exchange
Building Tower 1 Suite 2603, Jl. Jend. Sudirman Kav. 52-53, South Jakarta.
c. Cemerlang
Cemerlang is a company established and operated by virtue of the laws of the Republic
of Singapore and has its registered office at 20 Airport Boulevard SATS Inflight Catering
Centre 1, Singapore 819659.
E. Brief Information on the Company (as the controller of PT RCS)
1. Brief Description
The Company is a service-based company (engaged in professional activities, media services,
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solutions, information technology, connectivity, healthcare services, and others) and trading
through its subsidiaries. The Company was established pursuant to the Deed of
Establishment No. 7 dated 3 August 1983, made before Soetomo Ramelan, S.H., and has
obtained approval from the Minister of Justice of the Republic of Indonesia by virtue of its
Decree No. C2-1773.HT.01.01.TH.84 dated 15 March 1984 and announced in the State
Gazette No. 13 Supplement No. 675 dated 14 February 1997 under the name PT Elang
Mahkota Komputer (“Deed of Establishment of the Company”). PT Elang Mahkota Komputer
changed its name to PT Elang Mahkota Teknologi pursuant to the Deed No. 45 dated 10
March 1997, made before Agus Madjid S.H., Notary in Jakarta, which has obtained approval
from the Minister of Justice of the Republic of Indonesia based on Decree No. C2-2694
HT.01.04.Th.97 dated 15 April 1997. The Deed of Establishment of the Company sets out the
articles of association of the Company for the first time and has been amended several times
with the latest amendment based on the Notarial Deed No. 31 dated 12 December 2023
made before Notary Aulia Taufani, S.H. which has been notified to the MOLHR based on the
Receipt of Notification on Amendment to the Articles of Association No. AHU-AH.01.03-
0158428 dated 19 December 2023. The Company is domiciled at SCTV Tower 18th floor,
Senayan City, Jl. Asia Afrika Lot 19, Jakarta. The Company conducted its initial public offering
at the end of 2009 and listed its shares on the Indonesia Stock Exchange on 12 January 2010.
2. Business Activities
The business activities of the Company are other management consultancy activities and
wholesale trade of telecommunications equipment.
3. Capital Structure and Shareholding Composition
The capital structure and shareholding composition of the Company, as stated in the Monthly
Report on the Register of Securities Holders of the Company as of 31 March 2024 issued by
PT Raya Saham Registra as the share registrar of the Company, are as follows:
Description Number of Nominal Value per Share %
Shares (IDR20)
Authorised Capital 125,670,180,000 2,513,403,600,000
Issued and Paid-Up Capital
Shareholders:
1. Eddy Kusnadi Sariaatmadja 13,439,147,454 268,782,949,080 21.92
2. Ir. Susanto Suwarto 7,117,889,090 142,357,781,800 11.61
3. PT Adikarsa Sarana 6,404,560,360 128,091,207,200 10.45
4. Anthoni Salim 5,510,302,220 110,206,044,400 8.99
5. Piet Yaury 4,989,564,500 99,791,290,000 8.14
6. The Northern Trust Company 4,290,909,100 85,818,182,000 7.00
S/A Archipelago Investment
Pte Ltd
7. PT Prima Visualindo 3,802,209,980 76,044,199,600 6.20
8. Public 15,518,222,229 310,364,444,580 25.31
9. Treasury Shares 243,946,550 4,878,931,000 0.40
Total Issued and Paid-Up Capital 61,316,751,483 1,226,335,029,660 100.00
Total Shares in Portfolio 64,353,428,517 1,287,068,570,340
4. Board of Directors and Board of Commissioners
On the date of this Information Disclosure, the composition of the Board of Directors and
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Board of Commissioners of the Company is as follows:
Board of Commissioners
President Commissioner : Eddy Kusnadi Sariaatmadja
Commissioner : Susanto Suwarto
Independent Commissioner : Stan Maringka
Independent Commissioner : Pandu Patria Sjahrir
Independent Commissioner : Marianna Sutadi
Board of Directors
President Director : Alvin W. Sariaatmadja
Vice President Director : Sutanto Hartono
Director : Yuslinda Nasution
Director : Sutiana Ali
Director : Jay Geoffrey Wacher
Director : Titi Maria Rusli
III. INFORMATION ON PT CASS AS THE TARGET COMPANY
(THE OBJECT OF THE MATERIAL TRANSACTION)
1. Brief Description
PT CASS was established in 2009 under the name of PT Cardig Air Services pursuant to the Deed of
Establishment No. 25 dated 16 July 2009, made before Siti Pertiwi Henny Singgih, S.H., Notary in
Jakarta which has obtained a ratification of the legal entity establishment from the MOLHR by virtue
of its Decree No. AHU-34028.AH.01.01.Tahun 2009 dated 21 July 2009.
PT Cardig Air Services carried out its initial public offering and listed its shares on Indonesia Stock
Exchange in 2011, and changed its company name to PT Cardig Aero Services Tbk in 2011. Based on
the 2022 PT CASS’ annual report, PT CASS has been listed in the Indonesia Stock Exchange since
2011.
The articles of association of PT CASS have been amended several times and lastly amended based
on the Deed No. 14 dated 25 June 2021, made before Pratiwi Handayani, S.H., Notary in Central
Jakarta, which has been notified to the MOLHR based on the Receipt of Notification on Amendment
to the Articles of Association No. AHU-AH.01.03.0416956 dated 5 July 2021 (“Deed 14/2021”).
2. Business Activities
Based on Deed 14/2021, the purpose and objective of PT CASS is to engage in trading, provision of
food and beverages, warehousing, transport supporting, reparation of transport equipment,
education, other management consultancy activities, and to carry out matters described in the IATA
Standard Ground Handling Agreement 2008. To achieve these purposes and objectives, PT CASS
may carry out the following business activities:
a. fee based or contract-based wholesale trade;
b. provisions of other foods (now known as provisions of catering services for specific period);
c. warehousing and storage;
d. cargo handling (loading and unloading of goods);
e. aircraft cargo expedition activities;
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f. airport activities;
g. aircraft reparation;
h. other education – private; and
i. other management consultancy activities.
3. Capital Structure and Shareholding Composition
The capital structure and shareholding composition of PT CASS, as stated in the Deed 14/2021 and
the Monthly Report on the Register of Securities Holders of PT CASS as of 31 March 2024 issued by
PT Datindo Entrycom as the share registrar of PT CASS, capital structure as well as share ownership
prior to the Acquisition Transaction and after the Acquisition Transaction, are as follows:
Prior to the Acquisition Transaction:
Description Number of Nominal Value per Share %
Shares (IDR100)
Authorised Capital 7,500,000,000 750,000,000,000
Issued and Paid-Up Capital
Shareholders:
1. PT Cardig Asset Management 492,127,268 49,212,726,800 23.58
2. PT Dinamika Raya Swarna 366,587,032 36,658,703,200 17.57
3. SATS Investment (II) Pte. Ltd. 451,830,800 45,183,080,000 21.65
4. Cemerlang Pte. Ltd. 417,390,000 41,739,000,000 20.00
Total Issued and Paid-Up Capital 2,086,950,000 208,695,000,000 100.00
Total Shares in Portfolio 5,413,050,000 541,305,000,000
After the Acquisition Transaction:
Description Number of Nominal Value per Share %
Shares (IDR100)
Authorised Capital 7,500,000,000 750,000,000,000
Issued and Paid-Up Capital
Shareholders:
1. PT Roket Cipta Sentosa 1,064,344,500 106,434,450,000 51.00
2. SATS Investment (II) Pte. Ltd. 451,830,800 45,183,080,000 21.65
3. Cemerlang Pte. Ltd. 211,759,800 21,175,980,000 10.15
4. Public 359,014,900 35,901,490,000 17.20
Total Issued and Paid-Up Capital 2,086,950,000 208,695,000,000 100.00
Total Shares in Portfolio 5,413,050,000 541,305,000,000
4. Board of Directors and Board of Commissioners
On the date of this Information Disclosure, the composition of the Board of Directors and Board of
Commissioners of PT CASS is as follows:
Board of Commissioners
President Commissioner : Jusman Syafii Djamal
Vice President Commissioner : Djoko Suyanto
Independent Commissioner : Armand Bachtiar Arief
Commissioner : Chi Cheng Bock
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Board of Directors
President Director : Nazri bin Othman
Director : Raden Ajeng Widianawati
Director : Sutji Relowati Rahardjo
5. Overview of Financial Information
The overview of PT CASS’ financial information based on PT CASS’ Financial Statements is as follows:
Consolidated Statement of Financial Position (expressed in millions of Rupiah):
31 December 2023 31 December 2022
Assets
Current Assets 1,012,398 768,491
Non-Current Assets 907,005 917,744
Total Assets 1,919,403 1,686,235
Liabilities and Equity
Current Liabilities 758,293 764,222
Non-Current Liabilities 128,682 159,400
Equity 1,032,428 762,613
Total Liabilities and Equity 1,919,403 1,686,235
Consolidated Statement of Profit or Loss and Other Comprehensive Income (expressed in millions
of Rupiah):
31 December 2023 31 December 2022
Revenue from contracts with 2,199,217 1,725,491
customers
Operating expenses (1,650,665) (1,313,322)
Profit from operations 548,552 412,169
Finance income 62,124 61,020
Finance cost (12,663) (16,300)
Other operating income 45,303 79,614
Other operating expenses (77,354) (119,917)
Profit before income tax 565,962 416,586
Income tax expenses (135,919) (109,635)
Profit for the year from 430,043 306,951
continuing operations
Loss for the year from (3,052) (17,153)
discontinued operations
Profit for the year 426,991 289,798
Other comprehensive income for (8,289) (2,244)
the year, net after tax
Total comprehensive income for 418,702 287,554
the year
IV. EXPLANATION, CONSIDERATION AND REASONING FOR THE ACQUISITION TRANSACTION AND
THE IMPACT OF THE ACQUISITION TRANSACTION
The purpose of the Acquisition Transaction is to expand the Company’s group business activities in the
services sector and to diversify its revenue stream.
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PT CASS is a leading Indonesian company which engages in air transportation support, catering, facility
management, and flight training services. PT CASS runs its business especially for airport services in large
cities in Indonesia. Since its establishment, PT CASS has expanded its business units into various segments:
CAS Destination (air transport support services), CAS Food (food and catering services), CAS Facilities
(facility management, laundry, parking, and aircraft cleaning), and CAS People (flight training services).
The Company considers PT CASS as one of the companies with a track record of good performance in its
line of business and PT CASS’ portfolio will further diversify the Company’s current portfolio in the service
sector. This Acquisition Transaction will support the Company’s strategy to increase its investment
portfolio allocation in the services sector. The Company, via PT RCS, intends to invest in PT CASS for long-
term investment purposes.
The Acquisition Transaction resulted in PT RCS being the direct Controller of PT CASS as of the Completion
Date. Therefore, as required under POJK No. 9/2018, PT RCS will be required to carry out a mandatory
tender offer for the shares held by the public shareholders of PT CASS. In addition, PT CASS has a
controlled subsidiary which is a public company, namely PT JASS. Consequently, PT RCS shall also carry
out a mandatory tender offer for the shares held by the public shareholders of PT JASS. PT RCS is
committed to comply with the mandatory tender offer obligations in relation to PT CASS and PT JASS as
regulated under POJK No. 9/2018.
The impact on the Company’s financial condition is that the completion of the Material Transaction (i)
reduced the Company’s cash balance in the amount of the purchase price added with the cash outflow to
purchase any shares that are being sold during the mandatory tender offer of PT CASS and PT JASS and
(ii) caused the financial statements of PT CASS and its subsidiaries to be consolidated to the Company’s
financial statements.
In connection with the Acquisition Transaction, the Company has prepared the proforma consolidated
financial information as of 31 December 2023 to reflect the material financial impact on the Company’s
Financial Statements as of 31 December 2023 on the assumption that the Acquisition Transaction has
occurred on 31 December 2023.
The Pro Forma Consolidated Financial Position Summary is prepared solely to reflect the material financial
impact of the Acquisition Transaction on the Company's consolidated financial statements as of December
31, 2023 as if the Acquisition Transaction has occurred on 31 December 2023.
Object Review
Proforma consolidated financial information of the Company.
Purpose of Review
The purpose of the review is to show the significant effect of the Acquisition Transaction on historical
financial information if the transaction has occurred on 31 December 2023. However, the pro forma
financial information is not an indication of the results of operations or the impact on financial position if
the transaction has occurred before.
The pro forma financial information is based on the historical consolidated financial statements of the
Company and its subsidiaries as of 31 December 2023 and for the year ended on that date which have
been audited and adjusted to reflect the effects of transactions. The pro forma statement of financial
position and the pro forma statement of profit or loss and other comprehensive income (loss) represent
13
Page 14
Unofficial English Translation
the effect of the transaction as if it has occurred on 31 December 2023.
The historical consolidated financial statements of the Company and its Subsidiaries prior to the
Acquisition Transaction that are used for the preparation of the pro forma consolidated financial
information are taken from the Company’s Financial Statements as of 31 December 2023 and for the year
ended on that date which have been audited by KAP Purwantono, Sungkoro & Surja, a member of Ernst
& Young Global Limited, with an independent auditor report No. 00461/2.1032/AU.1/10/1294-
3/1/III/2024 dated 30 Maret 2024, signed by Mr Said Amru.
Whereas, the historical consolidated financial statements of PT CASS that are used for the preparation of
the pro forma consolidated financial information are taken from the Financial Statements of PT CASS and
its subsidiaries as of 31 December 2023 and for the year ended on that date which have been audited by
KAP Purwantono, Sungkoro & Surja, a member of Ernst & Young Global Limited, with an independent
auditor report No. 00308/2.1032/AU.1/06/1716-3/1/III/2024 dated 26 Maret 2024, signed by Mr Dede
Rusli.
Assumption
a. The consolidated statement of financial positions and statement of comprehensive income of the
Company and its subsidiaries for the year ended 31 December 2023, have been prepared and
presented in accordance with the Indonesian Financial Accounting Standards ("SAK") and have
been audited with an unqualified opinion in all materials respects.
b. The consolidated statement of financial positions and statement of comprehensive income of
CASS and its subsidiaries for the year ended 31 December 2023, have been prepared and
presented in accordance with the SAK and have been audited with an unqualified opinion in all
materials respects.
c. RCS has acquired 51% of CASS ownership, namely 1.064.344.500 shares (full amount) at a price
of IDR 872,762,490,000 on 31 December 2023. Through this acquisition, RCS will become
controller of CAS.
d. RCS has recorded the costs incurred in connection with the acquisition transaction amounting to
IDR 27,475,830,000 (including VAT). These costs include financial advisor fees, taxes, public
appraisal service, and other professional fees.
e. Full repayment of loan principal from CAM, DRS, and DRSC to CASS and its Subsidiaries totalling
to IDR 453,208,560,760 on 31 December 2023.
f. Recovery of the allowance for impairment losses in CASS as CASS historically has recorded
impairment losses for DRS and DRSC loan principal with a total value of IDR 216,815,560,760.
g. Commencement of a mandatory tender offer for CASS and JAS by RCS, with the assumption that
all public shareholders are willing to sell their share ownership to RCS and RCS will take a full
ownership of CASS and JAS’ public shares, with the following values:
Price per share on the Total transaction value of
# of shares owned mandatory tender offer the mandatory tender offer
Entity by public (IDR in full amount) (IDR in millions)
CASS 359,014,900 883 317,010
JAS 553,622 5,845 3,236
320,246
Based on the above assumptions, the proforma consolidated financial statements and proforma
consolidated statement of profit or loss and other comprehensive income had been prepared by the
Company's management and had been reviewed by KAP Purwantono, Sungkoro & Surja as per
Independent Assurance Practice Report on the Consolidated Proforma Financial Statements No.
14
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Unofficial English Translation
00116/2.1032/JL.0/10/1294-2/1/IV/2024 dated 25 April 2024 signed by Mr Said Amru, with the following
adjustments:
1. Payment to CAM, DRS, and Cemerlang Pte. Ltd. from RCS in connection to the acquisition of
CASS, as well as estimated costs incurred by RCS related to the commencement of mandatory
tender offer in CASS and JAS following the OJK regulation no. POJK 9/2018:
IDR in millions
Acquisition costs paid to:
CAM 403,544
DRS 300,601
Cemerlang Pte. Ltd. 168,617
Total investment acquisition costs 872,762
Acquisition cost for CASS and JAS mandatory tender offer 320,246
Total 1,193,008
2. Cash received by CASS from the settlement of due from related parties from the following parties:
IDR in millions
CAM 236,393
DRS 110,951
DRSC 105,865
Total 453,209
3. Cash paid by RCS for professional fees incurred for the acquisition along with value added tax
(“VAT”) as follows:
IDR in millions
Professional fees incurred in connection with acquisition 24,753
Input VAT on professional fees 2,723
Total 27,476
4. Decrease in due from related parties balance upon the principal loan repayment, adjusted with
the reversal of provisions initially recorded for these receivables, where certain amounts have
been entirely provisioned. Further breakdown provided as follows:
IDR in millions
Settlement of due from related parties (453,209)
Reversal of provision for doubtful debt on due from related parties:
DRS 110,951
DRSC 105,865
Total (236,393)
5. Acquisition of CASS is recorded in accordance with PSAK 22 - Business Combinations (starting
from 1 January 2024, is referred to as PSAK 103). The variance between the acquisition cost and
the identifiable net assets is recorded as goodwill.
As of the completion date of this proforma consolidated financial statements, management is still
in the process of completing the fair value assessment of CASS's identifiable net assets.
15
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Unofficial English Translation
Detailed calculation of the provisional goodwill arising from the CASS acquisition transaction is
presented below:
IDR in millions
Identified assets:
Total assets based on historical audited accounts 1,919,403
Reversal of provision for doubtful debt on due from related parties 216,816
Total identified assets 2,136,219
Liabilities based on historical audited accounts (886,975)
Non-controlling interests in CASS subsidiaries:
Non-controlling interests based on historical audited accounts (316,875)
Non-controlling interests portion on the reversal of provision for doubtful
debt on from due from related parties (24,044)
Non-controlling interests in CASS subsidiaries: (340,919)
Identified net assets 908,325
Non-controlling interests measured proportionally to the Company's portion
of the fair value of identified net assets (445,080)
Identified net assets, net of non-controlling interests portion 463,245
Acquisition cost of CASS 872,762
Provisional Goodwill 409,517
6. Elimination of equity in CASS against the investment due to acquisition journal
7. Elimination of unappropriated retained earnings, which consist of:
IDR in millions
Unappropriated retained earnings - CASS 595,162
Reversal of provision of doubtful debt on due from related parties
recognised in CASS’ statement of profit or loss, concurrent with the
acquisition of CASS by RCS:
DRSC 105,865
DRS - net of non-controlling interests 86,907
Elimination of unappropriated retained earnings 787,934
Due from related parties - DRS to CASS subsidiary, PT Purantara Mitra Angkasa Dua (“PMAD”),
which is 78.33% owned by CASS. Upon the reversal of provision of doubtful debt on the due from
related parties amounting to IDR 110,951,260,205 there is a non-controlling portion of IDR
24,043,138,086 which is recognised under the "Non-controlling interest" account in the "Proforma
adjustments" column in the proforma of the consolidated statement of financial position.
8. Mandatory tender offer carried out by RCS against the public shareholders of CASS and JAS
when the Company obtained control over CASS and JAS, causes a change in ownership without
a loss of control, which is recorded in accordance with PSAK 65 - Consolidated Financial
Statements (starting from 1 January 2024 is referred to as PSAK 110) with calculation details as
follows:
16
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Unofficial English Translation
CASS
IDR in millions
CASS non-controlling interests net assets portion
with percentage ownership before MTO (49.00%) 445,079
CASS non-controlling interests net assets portion
with percentage ownership after MTO (31.80%) 288,822
CASS non-controlling interests net assets portion acquired by
RCS through MTO 156,257
Estimated payment issued by RCS for MTO 317,010
Difference in transaction value with non-controlling parties 160,753
JAS
IDR in millions
JAS non-controlling interests net assets portion
with percentage ownership before MTO (49.90%) 342,321
JAS non-controlling interests net assets portion
with percentage ownership after MTO (49.82%) 341,584
JAS non-controlling interests net assets portion acquired by
RCS through MTO 737
Estimated payment issued by RCS for MTO 3,236
Difference in transaction value with non-controlling parties 2,499
9. Proforma adjustment on the unappropriated retained earnings consist of:
IDR in millions
Reversal of provision of doubtful debt on due from related parties
recognised in CASS' statement of profit or loss, concurrent with
the acquisition of CASS by RCS 192,772
Professional fees incurred in connection with acquisition - RCS (24,753)
Proforma adjustments upon the undetermined retained earnings 168,019
10. Non-controlling interests consists of:
IDR in millions
Non-controlling interests portion of reversal of provision of doubtful debt on
due from related parties 24,044
Non-controlling interests derived from CASS MTO assumptions (156,257)
Non-controlling interests derived from JAS MTO assumptions (737)
Non-controlling interests (132,950)
17
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Unofficial English Translation
Unofficial English Translation
PT ELANG MAHKOTA TEKNOLOGI Tbk AND ITS SUBSIDIARIES
PROFORMA OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION
As of 31 December 2023
(Expressed in millions of Rupiah, unless otherwise stated)
Historical Audited Historical Audited
Consolidated Balance Consolidated Balance of
of the Company and its the Company and its
Subsidiaries including Subsidiaries after
Historical Audited Historical Audited PT Cardig Aero consolidating
Consolidated Balance Consolidated Balance Services Tbk and its PT Cardig Aero
of the Company and its PT Cardig Aero Services Subsidiaries Services Tbk and its
Subsidiaries Tbk and its Subsidiaries before the proforma Proforma Subsidiaries
31 December 2023 31 December 2023 adjustment Note adjustment 31 December 2023
ASSETS
Cash and cash equivalents 7,210,978 453,153 7,664,131 V.1,V.2,V.3 (767,275) 6,896,856
Trade receivables - third parties - net 2,693,309 336,861 3,030,170 - 3,030,170
Trade receivables - related parties 779 391 1,170 - 1,170
Trade receivables - third parties - net 442,326 1,533 443,859 - 443,859
Trade receivables - related parties 71 155,362 155,433 - 155,433
Inventories - net 1,295,358 22,087 1,317,445 - 1,317,445
Prepaid expenses 113,465 7,513 120,978 - 120,978
Advances 416,598 18,260 434,858 - 434,858
Prepaid tax 250,429 5,758 256,187 V.3 2,723 258,910
Other current financial assets 3,401,793 11,480 3,413,273 - 3,413,273
Total current assets 15,825,106 1,012,398 16,837,504 (764,552) 16,072,952
Due from related parties 2,690 236,393 239,083 V.4 (236,393) 2,690
Prepaid tax 1,465 - 1,465 - 1,465
Fixed assets - net 5,930,697 449,764 6,380,461 - 6,380,461
Right of use assets - net 127,096 96,206 223,302 - 223,302
Goodwill and intangible assets - net 3,006,449 14,874 3,021,323 V.5 409,517 3,430,840
Deferred tax assets 357,022 23,278 380,300 - 380,300
Claims for tax refund 111,622 6,532 118,154 - 118,154
Investment in associated entities 8,614,114 - 8,614,114 - 8,614,114
Long-term investments 5,635,252 - 5,635,252 - 5,635,252
Derivative instruments 2,677,185 - 2,677,185 - 2,677,185
Other non-current assets 602,553 79,958 682,511 - 682,511
Total non-current assets 27,066,145 907,005 27,973,150 173,124 28,146,274
TOTAL ASSETS 42,891,251 1,919,403 44,810,654 (591,428) 44,219,226
18
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Unofficial English Translation
Unofficial English Translation
PT ELANG MAHKOTA TEKNOLOGI Tbk AND ITS SUBSIDIARIES
PROFORMA OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)
As of 31 December 2023
(Expressed in millions of Rupiah, unless otherwise stated)
Historical Audited
Consolidated Balance Historical Audited
of the Company and its Consolidated Balance of
Subsidiaries including the Company and its
Historical Audited Historical Audited PT Cardig Aero Subsidiaries including
Consolidated Balance Consolidated Balance Services Tbk and its PT Cardig Aero
of the Company and its PT Cardig Aero Services Subsidiaries Services Tbk and its
Subsidiaries Tbk and its Subsidiaries before the proforma Proforma Subsidiaries
31 December 2023 31 December 2023 adjustment Note adjustment 31 December 2023
LIABILITIES AND EQUITY
LIABILITIES
Short-term loans 104,373 - 104,373 - 104,373
Trade payables
Third parties 752,309 129,816 882,125 - 882,125
Related parties 1,818 7,752 9,570 - 9,570
Other payables
Third parties 133,686 2,958 136,644 - 136,644
Related parties 3,731 56,647 60,378 - 60,378
Taxes payable 348,122 98,772 446,894 - 446,894
Accrued expenses 1,125,761 327,000 1,452,761 - 1,452,761
Short-term employee benefits liabilities 226,624 40,686 267,310 - 267,310
Advances from customers 323,118 28,475 351,593 - 351,593
Current maturities of long-term
payables:
Bank loans 177,640 - 177,640 - 177,640
Finance lease payables 4,302 58,831 63,133 - 63,133
Right of use liabilities 6,590 - 6,590 - 6,590
Other current liabilities - 7,356 7,356 - 7,356
Total current liabilities 3,208,074 758,293 3,966,367 - 3,966,367
Long-term payables - net of current
maturities:
Bank loans 681,430 - 681,430 - 681,430
Finance lease payables 2,134 26,999 29,133 - 29,133
Right of use liabilities 10,857 - 10,857 - 10,857
Convertible bonds 43,329 - 43,329 - 43,329
Deferred tax liabilities 259,512 903 260,415 - 260,415
Employee benefits liabilities 314,154 100,780 414,934 - 414,934
Total non-current liabilities 1,311,416 128,682 1,440,098 - 1,440,098
TOTAL LIABILITIES 4,519,490 886,975 5,406,465 - 5,406,465
19
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Unofficial English Translation
Unofficial English Translation
PT ELANG MAHKOTA TEKNOLOGI Tbk AND ITS SUBSIDIARIES
PROFORMA OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION (continued)
As of 31 December 2023
(Expressed in millions of Rupiah, unless otherwise stated)
Historical Audited
Consolidated Balance Historical Audited
of the Company and its Consolidated Balance of
Subsidiaries including the Company and its
Historical Audited Historical Audited PT Cardig Aero Subsidiaries including
Consolidated Balance Consolidated Balance Services Tbk and its PT Cardig Aero
of the Company and its PT Cardig Aero Services Subsidiaries Services Tbk and its
Subsidiaries Tbk and its Subsidiaries before the proforma Proforma Subsidiaries
31 December 2023 31 December 2023 adjustment Note adjustment 31 December 2023
EQUITY
Equity attributable to Owner of the Parent
Entity
Share capital - Rp20 (full amount) par value
per share
Authorized - 125,670,180,000 shares
Issued and fully paid - 61,241,751,483
shares as of 31 December 2023 1,226,335 208,695 1,435,030 V.6 (208,695) 1,226,335
Additional paid-in capital - net 13,856,480 (170,033) 13,686,447 V.6 170,033 13,856,480
Difference in value of transactions with
non-controlling interests 9,397,722 43,768 9,441,490 V.6,V.8 (207,020) 9,234,470
Treasury stocks (57,007) - (57,007) - (57,007)
Retained earnings
Appropriated 13,000 41,739 54,739 V.6 (41,739) 13,000
Unappropriated 9,358,345 595,162 9,953,507 V.7,V.9 (619,915) 9,333,592
Other comprehensive income 885,383 (3,778) 881,605 V.6 3,778 885,383
Total equity attributable to Owners of the
Parent Entity 34,680,258 715,553 35,395,811 (903,558) 34,492,253
Non-controlling interests 3,691,503 316,875 4,008,378 V.6,V.10 312,130 4,320,508
TOTAL EQUITY 38,371,761 1,032,428 39,404,189 (591,428) 38,812,761
TOTAL LIABILITIES DAN EQUITY 42,891,251 1,919,403 44,810,654 (591,428) 44,219,226
20
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Unofficial English Translation
Unofficial English Translation
PT ELANG MAHKOTA TEKNOLOGI Tbk AND ITS SUBSIDIARIES
PROFORMA OF THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME
As of 31 December 2023
(Expressed in millions of Rupiah, unless otherwise stated)
Historical Audited
Consolidated Balance Historical Audited
of the Company and its Consolidated Balance of
Subsidiaries including the Company and its
Historical Audited Historical Audited PT Cardig Aero Subsidiaries including
Consolidated Balance Consolidated Balance Services Tbk and its PT Cardig Aero
of the Company and its PT Cardig Aero Services Subsidiaries Services Tbk and its
Subsidiaries Tbk and its Subsidiaries before the proforma Proforma Subsidiaries
31 December 2023 31 December 2023 adjustment Note adjustment 31 December 2023
CONTINUING OPERATIONS
REVENUES - NET 9,241,419 - 9,241,419 9,241,419
COST OF REVENUES (6,378,013) - (6,378,013) (6,378,013 )
GROSS PROFIT 2,863,406 - 2,863,406 2,863,406
Selling expenses (263,054) - (263,054) (263,054 )
General and administrative expenses (2,653,896) - (2,653,896) (2,653,896 )
Gain on sale of fixed assets - net 12,065 - 12,065 12,065
Loss on foreign exchange - net (180,677) - (180,677) (180,677 )
Other operating income (expense) - net 21,370 - 21,370 V.3 (24,753) (3,383 )
LOSS FROM OPERATIONS (200,786) - (200,786) (24,753) (225,539 )
Finance income - net 368,113 - 368,113 368,113
Loss on investments - net (52,774) - (52,774) (52,774 )
Dividend income 53,672 - 53,672 53,672
Finance costs (80,253) - (80,253) (80,253 )
Share of loss from associated entities - net (457,256) - (457,256) (457,256 )
Impairment loss on financial assets (39,064) - (39,064) (39,064 )
Profit on adjustments to changes in equity
from associated entities 361,577 - 361,577 361,577
Loss before income tax (46,771) - (46,771) (24,753) (71,524 )
Income tax expense - net (199,709) - (199,709) - (199,709 )
LOSS FOR THE CURRENT YEAR FROM
CONTINUING OPERATIONS (246,480) - (246,480) (24,753) (271,233 )
DISCONTINUED OPERATIONS
Profit from discontinued operations - after
income tax 6,500 - 6,500 - 6,500
LOSS FROM THE YEAR (239,980) - (239,980) (24,753) (264,733 )
21
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Unofficial English Translation
Unofficial English Translation
PT ELANG MAHKOTA TEKNOLOGI Tbk AND ITS SUBSIDIARIES
PROFORMA OF THE CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND
OTHER COMPREHENSIVE INCOME (continued)
As of 31 December 2023
(Expressed in millions of Rupiah, unless otherwise stated)
Historical Audited
Consolidated Balance Historical Audited
of the Company and its Consolidated Balance of
Subsidiaries including the Company and its
Historical Audited Historical Audited PT Cardig Aero Subsidiaries including
Consolidated Balance Consolidated Balance Services Tbk and its PT Cardig Aero
of the Company and its PT Cardig Aero Services Subsidiaries Services Tbk and its
Subsidiaries Tbk and its Subsidiaries before the proforma Proforma Subsidiaries
31 December 2023 31 December 2023 adjustment Note adjustment 31 December 2023
CONTINUING OPERATIONS
Other comprehensive income
Items to be reclassified to profit or loss:
Difference in foreign currency translation
of financial statement (21,308) - (21,308) - (21,308)
Share of other comprehensive income of
associated entities - net of tax 19,812 - 19,812 - 19,812
Items not to be reclassified to profit or loss:
Changes in fair value of financial assets
measured at fair value through other
comprehensive income - net of tax (631,439) - (631,439) - (631,439)
Remeasurement of employee benefits
liability - net of tax (2,832) - (2,832) - (2,832)
Total other comprehensive loss (635,767) - (635,767) - (635,767)
TOTAL COMPREHENSIVE LOSS FOR
THE YEAR (875,747) - (875,747) (24,753) (900,500)
22
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Unofficial English Translation
V. DECLARATIONS OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
The Board of Directors hereby declares that the Acquisition Transaction is not an affiliated party
transaction as referred to in POJK No. 42/2020.
The Board of Commissioners and the Board of Directors hereby declares that the Acquisition Transaction
does not contain a conflict of interest as referred to in POJK No. 42/2020 and all material information
stated in this Information Disclosure is true and can be accounted for as well as there is no other material
fact that has not been disclosed or has been omitted such that the information provided in this
Information Disclosure becomes untrue or misleading.
VI. ADDITIONAL INFORMATION
To obtain further information in relation to the Acquisition Transaction which constitutes a Material
Transaction, the Shareholders of the Company may contact the Company at the following
correspondence address:
PT Elang Mahkota Teknologi Tbk
Head Office:
SCTV Tower 18th Floor, Senayan City
Jl. Asia Afrika Lot 19, Jakarta 10270, Indonesia
Tel. +62 21 7278 2066, Fax. +62 21 7278 2194
Email: corsec@emtek.co.id
Website: www.emtek.co.id
23
Names mentioned 66 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.1 ×7
unresolved
org
Indonesia Stock Exchange
p.1 ×8
unresolved
org
PT CASS
p.2 ×49
unresolved
org
PT RCS
p.2 ×31
unresolved
org
PT CAM
p.2 ×17
unresolved
org
Ministry of Law and Human Rights
p.2
unresolved
org
Minister of Justice
p.2 ×3
unresolved
org
Minister of Justice and Human Rights
p.2
unresolved
org
Minister of Law and Legislation
p.2
unresolved
org
Purwantono
p.3 ×4
unresolved
org
Young Global Limited
p.3 ×4
unresolved
person
Dede Rusli. PT JASS
p.3
unresolved
org
Jasa Angkasa Semesta Tbk
p.3 ×2
unresolved
org
PT DRS. In
p.5 ×2
unresolved
org
PT CASS’ Financial Statements
p.5 ×2
unresolved
org
PT CASS. B.
p.5
unresolved
person
Stephanie Wilamarta
· Notaris
p.7 ×2
unresolved
person
KH Mas Mansyur
p.7
unresolved
person
Soetomo Ramelan
p.9
unresolved
org
PT Elang Mahkota Komputer
p.9 ×2
unresolved
person
Agus Madjid S.H.
· Notaris
p.9
unresolved
person
Notary Aulia Taufani
p.9
unresolved
org
PT Raya Saham Registra
p.9
unresolved
org
PT Cardig Air Services
p.10 ×2
unresolved
person
Siti Pertiwi Henny Singgih
· Notaris
p.10
unresolved
person
Pratiwi Handayani
· Notaris
p.10
unresolved
org
PT Datindo Entrycom
p.11
unresolved
org
Pte. Ltd.
p.11 ×2
unresolved
org
PT CASS. In
p.13
unresolved
org
PT JASS. Consequently
p.13
unresolved
person
Said Amru. Whereas
p.14 ×3
unresolved
person
Dede Rusli. Assumption
p.14
unresolved
person
DRSC
p.14 ×5
unresolved
org
PT Purantara Mitra Angkasa Dua
p.16
unresolved
org
PT Cardig Aero
p.18 ×10
unresolved
org
Services Tbk
p.18 ×10
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
4659 ms
12 Sep 2026 23:04
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}