Back to announcement
20240401_TPIA_Laporan Informasi dan Fakta Material_31621794_lamp2.pdf
Other Text extracted TPIASource file signed link, expires in 15 minutes
Extracted text 14
Page 1
INFORMATION DISCLOSURE
PT CHANDRA ASRI PACIFIC TBK
This Information Disclosure is prepared in order to fulfill the requirements of Regulation of
the Financial Services Authority of the Republic of Indonesia No. 17/POJK.04/2020
Regarding Material Transactions and Change of Business Activities (“POJK 42/2020”).
PT Chandra Asri Pacific Tbk
(the “Company”)
Line of Business:
Petrochemical
Head Office:
Wisma Barito Pacific Tower A, 7th Floor
Jl. Letjen S. Parman Kav. 62-63, Jakarta 11410
Telephone: (021) 530 7950
Faximile: (021) 530 8930
E-mail: corporatesecretary@capcx.com
Website: http://www.chandra-asri.com
The information as stated in this Information Disclosure is important and needs to be taken
into account by shareholders to make decisions regarding the Company's plans to carry
out additional business activities.
If you have difficulty understanding the information as stated in this Information Disclosure
or hesitate in making a decision, you are advised to consult with a securities broker,
investment manager, legal advisor, public accountant or other professional advisor.
The Company’s Board of Commissioners and Board of Directors, jointly and severally, are
fully responsible for the truth and completeness of the information as disclosed in this
Information Disclosure, and after conducting careful research, confirm that there are no
material important facts that have not been disclosed or omitted in this Information
Disclosure, thereby causing the information provided in this Information Disclosure to be
incorrect and/or misleading.
This Information Disclosure is published in Jakarta on 1 April 2024
1
Page 2
I. BACKGROUND
This Information Disclosure is conveyed to the shareholders of the Company in relation with
the Company's plan to add a business activity of making Bag Film Roll/ Film Roll Packaging,
which is covered in KBLI 22220 (plastic goods for packaging industry), as a supporting
business activity of the Company ("Business Activity Adding Plan"). Based on the
provisions of Article 22 paragraph (1) letters (a) and (b) POJK 17/2020, the Company shall
initially obtain the Company's shareholders approval and use an appraiser to conduct a
feasibility study on this Business Activity Adding Plan. In connection with the fulfilment of the
above provisions of POJK 17/2020, the Company has appointed Public Appraisal Services
Office of Ruky, Safrudin dan Rekan ("KJPP RSR") to conduct a feasibility study on this
Business Activity Adding Plan. In addition, the Company plans to obtain the Company's
shareholders approval at the Company's Annual General Meeting of Shareholders which will
be held on Wednesday, 8 May 2024 (“AGMS”).
Furthermore, in accordance with the provision of Article 22 paragraph (1) letter (c) POJK
17/2020, the Company is also required to announce Information Disclosure regarding the
Business Activity Adding Plan when the Company carries out the AGMS Announcement in
order to provide complete information and description to the Company's shareholders
regarding the Business Activity Adding Plan.
BRIEF DISCRIPTION OF THE COMPANY
a. Brief History
The Company was founded under the name PT Tripolyta Indonesia (“TPI”), domiciled in
West Jakarta, established based on Deed of Establishment No. 40 dated 2 November
1984 made before Ridwan Suselo, Notary in Jakarta, with the status as a Domestic
Investment Company based on Law No. 6 of 1968 concerning Domestic Investment as
revoked by Law No. 25 of 2007 concerning Capital Investment. TPI's Deed of
Establishment has been revised by the Deed of Entry and Resignation of the Company's
Founders and Amendment to Articles of Association No. 117 dated 7 November 1987
made before John Leonard Waworuntu, Notary in Jakarta, which has been ratified by the
Minister of Justice of the Republic of Indonesia, as amended from time to time and
hereinafter referred to as the Minister of Law and Human Rights of the Republic of
Indonesia ("Menkumham") in accordance with Decree No. C2.1786.HT.01.01-Th'.88
dated 29 February 1988, recorded in the register book at the West Jakarta District Court
Office on 30 June 1988 under No. 639/1988 and No. 640/1988, and announced in the
State Gazette of the Republic of Indonesia No. 63 dated 5 August 1988, Supplement No.
779.
The Company is the surviving company in the merger process between the Company and
PT Chandra Asri based on Merger Deed No. 15 dated 9 November 2010, made in the
presence of Dr. Amrul Partomuan Pohan, S.H, LL.M., Notary in Jakarta, where the merger
became effective on 1 January 2011. On 15 November 2019, the Company's
shareholders through the Extraordinary General Meeting of Shareholders (“EGMS”) and
shareholders of PT Petrokimia Butadiene Indonesia ("PBI") through a Circular Decision
2
Page 3
in Lieu of General Meeting of Shareholders No. 004/LGL PBI/SH RES/XI/2019, has
approved the merger plan between the Company and PBI where the Company becomes
the surviving company of the merger ("PBI Merger"). In connection with PBI Merger, the
Company and PBI have also signed a merger deed as stated in Merger Deed No. 76
dated 15 November 2019, made before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta,
which was notified to the Menkumham as stated in the Company Merger Notification
Acceptance Letter No. AHU-AH.01.10-0010288 dated 22 November 2019 and has been
registered in the Company Register at the Ministry of Law and Human Rights of the
Republic of Indonesia ("Kemenkumham") under No. AHU-0025871.AH.01.02.Year 2019
dated 22 November 2019. The merger became effective on 1 January 2020.
Furthermore, on 7 December 2020, the Company's shareholders through the EGMS and
the shareholders of PT Styrindo Mono Indonesia ("SMI") through Circular Decision in Lieu
of General Meeting of Shareholders No. 004/LGL SMI/SH RES/XII/2020, has approved
the merger plan between the Company and SMI where the Company becomes the
surviving company of the merger. In connection with SMI Merger, the Company and SMI
have also signed a merger deed as stated in Merger Deed No. 48 dated 7 December
2020, made before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta, which was notified
to Menkumham as stated in the Company Merger Notification Acceptance Letter No.
AHU-AH.01.10-0012537 dated 11 December 2020 and has been registered in the
Company Register at Kemenkumham under No. AHU-0082566.AH.01.02.TAHUN 2020
dated 11 December 2020. The merger has become effective on 1 January 2021.
The latest amendment to the Company's articles of association is as contained in the
Deed of Statement of Meeting Resolutions on Amendments to the Articles of Association
No. 297 dated 29 December 2023, made before Nabila Mazaya Putri, S.H., M.Kn.,
Substitute Notary of Jose Dima Satria, S.H., M.Kn., Notary in South Jakarta, which has
obtained the approval of Menkumham based on Decree No. AHU-
0000277.AH.01.02.TAHUN 2024 dated 3 January 2024 and has been registered in the
Company Register at Kemenkumham under No. AHU0000953.AH.01.11.TAHUN 2024
dated 3 January 2024 (“Deed No. 297/2023”). Based on Deed No. 297/2023, the
Company's shareholders have approved the change to Article 1 paragraph (1) of the
Company's Articles of Association regarding the Name and Place of Residence of the
Company, therefore the name of Company has changed from PT Chandra Asri
Petrochemical Tbk to PT Chandra Asri Pacific Tbk. In connection with the amendment to
the Company's Articles of Association, the Company's shareholders have also agreed to
restate all provisions of the Company's Articles of Association as stated in Deed No.
297/2023.
b. Business Activities
Based on Article 3 of the Company's Articles of Association, the Company's aims and
objectives are to operate in the processing industry, wholesale trade and management
consulting activities. To achieve these aims and objectives, the Company can carry out
business activities, including the following:
A. The main business activities carried out to realize the main business are as follows:
i. carrying out basic organic chemical industries sourced from petroleum, natural gas
and coal;
3
Page 4
ii. carrying out business in making artificial resin and plastic raw materials (pure plastic
ore);
iii. carry out wholesale trade in solid, liquid and gas fuels and related products;
iv. carrying out wholesale trade in basic chemical materials and goods;
v. carries out wholesale trade in rubber and plastics in basic forms; and
vi. carry out other management consulting activities.
B. Supporting business activities that support the main business activities above are as
follows:
i. organize transportation via motorized transportation for general goods and special
goods as well as transportation via pipelines to ensure the continuity of delivery of
industrial products to consumers;
ii. carrying out activities of loading and unloading goods as well as loading and
unloading ships;
iii. self-owned or rented real estate, which includes businesses to provide services to
other parties who utilize assets owned by the Company in the industrial sector,
including land rental services, maintenance services and other services related to
the petrochemical industry;
iv. carry out warehousing and temporary goods storage activities related to
petrochemical industry production before the goods are sent to their final destination
for commercial purposes;
v. carrying out rental and leasing activities without option rights for processing industry
machines and equipment; and
vi. other business activities in the petrochemical industry that support the Company's
main business activities in accordance with applicable laws and regulations.
c. The Company’s Management
The latest composition of the Company's Board of Commissioners and Board of
Directors is as follows:
Board of Commissioners
President Commissioner* : Djoko Suyanto
Vice President Commissioner* : Tan Ek Kia
Commissioner* : Ho Hon Cheong
Commissioner : Agus Salim Pangestu
Commissioner : Lim Chong Thian
Commissioner : Thammasak Sethaudom
Commissioner : Tanawong Areeratchakul
Commissioner : Sakchai Patiparnpreechavud
Commissioner : Chatri Eamsobhana
Commissioner : Bandhit Thamprajamchit
Commissioner : Santi Wasanasiri
Commissioner * : Surong Bulakul
Commissioner* : Erry Riyana Hardjapamekas
Commissioner : Rudy Suparman
Commissioner : Diana Arsiyanti
*) Also acting as Independent Commissioner
4
Page 5
Board of Director
President Director : Erwin Ciputra
Vice President Director : Pholavit Thiebpattama
Vice President Director : Baritono Prajogo Pangestu
Director : Andre Khor Kah Hin
Director : Prapote Stianpapong
Director : Fransiskus Ruly Aryawan
Director : Suryandi
Director : Sarayuth Vorapruekjaru
Director : Petch Niyomsen
Director : Anawat Chansaksoong
Director : Suwit Wiwattanawanich
Director : Phuping Taweesarp
Director : Boedijono Hadipoespito
Director : Edi Riva’i
Director : Raymond Budhin
d. Capital Structure and Shareholding Composition
Capital structure and shareholding composition of the Company on the date of this
Information Disclosure is issued are as follows:
Authorized Capital : Rp.12.264.785.664.000
Issued Capital : Rp.4.325.577.254.600
Paid Up Capital : Rp.4.325.577.254.600
The Company’s authorized capital is divided into 86.511.545.092 shares, each with par
value of Rp.50 per share.
Meanwhile, the latest composition of the Company’s share ownership pursuant to
Shareholder Register as of 29 February 2024 is as follows:
NOMINAL AMOUNT
NO. NAME OF SHAREHOLDER SHARE AMOUNT %
(RP)
1. PT Barito Pacific Tbk 1.497.883.520.000 29.957.670.400 34,63
2. SCG Chemicals Company 1.322.330.946.200 26.446.618.924
30,57
Limited
3. Prajogo Pangestu 336.590.108.200 5.235.679.764 6,05
4. PT Top Investment Indonesia 648.836.588.000 12.976.731.760 15,00
5. Public 519.936.092.200 74.616.700.848 13,75
Total 4.325.577.254.600 86.511.545.092 100,00
SUMMARY OF FEASIBILITY STUDY REPORT
BUSINESS ACTIVITY ADDING PLAN
The Company has appointed an Independent Appraiser, namely the Public Appraisal Services
Office (KJPP) Ruky, Safrudin & Partners ("RSR" or the “Appraiser”) based on approval of
Offering Letter No. RSR/JS/P-B/FS/160124.1 dated 16 January 2024, which has been signed
5
Page 6
by the Company's management on 2 February 2024, to provide an opinion regarding the
feasibility of the New KBLI Adding Plan (KBLI 22220).
Appraiser Qualifications
Decree of the Minister of Finance of the Republic of Indonesia No. 934/KM.1/2008 dated 31
December 2008 issued an Appraiser License in the name of Henty Lukman, SE, MM, MAPPI
(Cert) as an appraiser in the Business Appraisal Services Sector with the qualification of
Business Appraiser (B), with No. Appraiser License: No. B-1.08.00070. The Appraiser has the
Minister of Finance Register (RMK) No. RMK-2017.00067, registered as a capital market
supporting profession at the Otoritas Jasa Keuangan (“OJK”) in accordance with Capital
Market Supporting Professional Registration Certificate No. STTD.PB-25/PJ-1/PM.02/2023,
registered in the Non-Bank Financial Industry (Industri Keuangan Non-Bank/IKNB) with STTD
IKNB No. 043/NB.122/STTD-P/2017, and actively participate in the required continuing
professional development (CPD) training. The Appraiser has the competence to prepare a
feasibility study.
The following is a summary of the Feasibility Study Report of the Business Activity Adding
Plan No. 00002/2.0095-05/BS/04/0070/1/III/2024, dated 28 March 2024.
Aims and Objectives of the Feasibility Study for New KBLI Addition
The purpose of the feasibility study to be conducted is to provide an opinion on the feasibility
of the Company's business activities addition in connection with the New KBLI Adding Plan,
not for other forms of planned transactions, and is not intended for tax, buying and selling,
banking and other purposes. This feasibility study report will be submitted to OJK.
The purpose of this report is to conduct a feasibility study on the New KBLI Adding Plan for
OJK purposes.
Feasibility Study Object of New KBLI Addition
The object of the assignment is the New KBLI Adding Plan, namely KBLI 22220, with an
assessment date of 31 December 2023.
Valuation Premise
We conducted a Feasibility Study on New KBLI Addition to the Company, with the assessment
premise that this new KBLI business activity is a sustainable business activity or "going
concern".
Assessment Date
This assignment is carried out as of 31 December 2023, the parameters and financial reports
used in the analysis are based on data as of 31 December 2023.
6
Page 7
Assessment Standards Used
This assignment was carried out in compliance with the provisions in POJK Number
35/POJK.04/2020 dated 25 May 2020 concerning Assessment and Presentation of Business
Assessment Reports in the Capital Market, OJK Circular Letter No. 17/SEOJK.04/2020 dated
9 August 2020 concerning Guidelines for Valuation and Presentation of Business Valuation
Reports in the Capital Market, Indonesian Valuation Standards (SPI) Edition VII-2018 SPI 350
prepared by the Indonesian Appraisal Professional Society (MAPPI) taking into account the
Appraiser Code of Ethics Indonesia (KEPI).
Assumptions and Limiting Conditions
Assumption
This feasibility study report is a non-disclaimer opinion, we have reviewed the documents used
in the feasibility study process, the data and information obtained comes from the Company's
management and from reliable sources.
This feasibility study was prepared using financial projections provided by the Company's
management whose assumptions we have adjusted, so that they better reflect the
reasonableness of the financial projections and their ability to achieve them.
We are responsible for carrying out the feasibility study and in our opinion the adjusted
financial projections are reasonable, but we are not responsible for their achievement.
We are responsible for the opinions generated in the context of the Feasibility Study
assignment. We have obtained information on the legal status of the Appraisal Object from
the Assignor.
Limiting Conditions
This Feasibility Study was prepared based on the principles of information and data integrity.
In preparing this Feasibility Study, we based and based on information and data provided by
the Company's management, which based on the essence of fairness is correct, complete,
reliable and not misleading.
We do not carry out audits or detailed due diligence on explanations or data provided by the
Company's management, both verbally and in writing, and therefore we cannot provide
guarantees or be responsible for the correctness and completeness of such information or
explanation.
Our assignment is not carried out for the purpose of disclosing internal control weaknesses,
errors or fraud in financial statements, any form of tax implications or legal violations.
The denomination of this Feasibility Study is expressed in United States Dollars (USD) which
is based on the understanding that the Company's Consolidated Financial Statements are
presented in United States Dollars (USD). Review, calculations and analysis are based on
data and information provided by the Company's management as stated in Data and
Information Sources.
7
Page 8
Any changes to the data mentioned above could materially affect the results of our Feasibility
Study. Therefore, we cannot accept responsibility for possible differences in conclusions due
to changes in the data.
The Feasibility Study was prepared by considering market and economic conditions, general
business and financial conditions, as well as government regulations on the date this
Assessment was issued.
This Feasibility Study is only carried out on the Assignment Objectives as described above.
We consider that since the date of publication of the Feasibility Study Report there have been
no changes that have a material effect on the assumptions used in the Feasibility Study
Report.
We hereby declare that our assignment does not include analyzing transactions outside the
Feasibility Study Objectives that may be available to the Company and the impact of these
transactions on the Assignment Objectives, and is also not an analysis of the most likely and
optimal use of the Assignment Objectives. The assignment to prepare this Feasibility Study
Report is not and cannot be considered in any respect as a review or audit or performance of
certain procedures on financial information.
We would like to emphasize that the results of our analysis and review are specifically limited
to the commercial and financial aspects of transactions, we did not conduct research on the
validity of the New KBLI Adding Plan from a legal perspective and the implications of the tax
aspects of the New KBLI Adding Plan, because this is outside the scope of our assignment.
Approach and Methodology
The approach and methodology for conducting a Feasibility Study for New KBLI Addition is to
carry out an analysis of:
• Market Feasibility, including:
a. Market conditions, such as market share, sustainability, market potential, targets and
potential market value
b. Business competitors
c. Marketing strategy
• Technical Feasibility, including:
a. Capacity
b. Availability and quality of resources, including raw materials, workers, and professional
expertise
c. Production process
• Business Pattern Feasibility, including:
a. Competitive advantage due to the uniqueness of business patterns
b. Competitors' ability to imitate the product
c. Ability to create value
• Management Model Feasibility, including:
a. Labor availability
b. Intellectual property management
c. Risk management
d. Management capacity and capabilities
8
Page 9
e. Suitability of organizational structure and management
• Financial Feasibility, including:
a. Establishment costs (start up costs)
b. Working capital
c. Sources of financing
d. Operating costs
e. Cost of raw materials
f. Financial report projections
g. Break-even analysis (break even analysis)
h. Profitability analysis (overall profitability)
i. Investment return rate (overall return on investment)
Feasibility Analysis Results for New KBLI Addition
The following are the results of the feasibility analysis for new KBLI addition:
1. Market Feasibility:
The market share for BFR products that the Company will produce is companies operating
in the petrochemical industry, oleochemical industry, and food and beverage industry.
- Petrochemical Industry
The main product of the petrochemical industry is petrochemicals, which are materials
or products produced from oil and natural gas. Petrochemical products are divided into
plastics, synthetic fibers and synthetic rubber. Other forms of petrochemical products
are pesticides, detergents, solvents, fertilizers, medicines and vitamins.
- Oleochemical Industry
The oleochemical industry is an industry that utilizes raw materials from oil or fat to
produce chemical products such as fatty acids, fatty alcohols, fatty methyl esters, fatty
amines and glycerol.
- Food and Beverage Industry
This industry includes all companies involved in converting raw agricultural goods into
consumer food products. The overall food and beverage industry supply chain includes
food processing, packaging, and distribution. This industry includes fresh food,
packaged food, and drinks, both alcoholic and non-alcoholic.
The total demand for BFR products in the three industries above is quite high, and is
expected to continue to increase, in line with the development of these three industries
which is expected to continue in the years to come. Referring to the development of the
plastic packaging industry market in Indonesia in general, the market share of BFR
products, as well as the existence of good marketing planning and strategies, it can be
concluded that BFR products have quite bright prospects in the future.
Based on the evaluation of the market aspect in the New KBLI Adding Plan through BFR
production, it is concluded that this market aspect is feasible.
9
Page 10
2. Technical Feasibility:
Technical feasibility is reviewed in terms of BFR production capacity, availability and quality
of resources, including, among other things, production machines and technology to be
used, technical specifications of finished goods, raw materials, auxiliary materials,
suppliers, and production processes.
Based on the evaluation of the technical aspects in the New KBLI Adding Plan through BFR
production, it was concluded that this technical aspect was feasible.
3. Business Pattern Feasibility:
The feasibility of the business pattern is reviewed from the Company's competitive
advantage in producing BFR, the Company's ability to create added value in the New KBLI
product, and the Company's ability to mitigate competitive risks, so that the Company is
confident that this BFR product will be absorbed by the market.
Based on an evaluation of the business pattern aspects of the Company's management in
the New KBLI Addition Plan, it is concluded that the business pattern aspects to be carried
out by the Company are feasible.
4. Management Model Feasibility:
Based on an evaluation of aspects of the BFR product management model, where the BFR
business unit has prepared workforce, organizational structure, experts, risk mitigation
plans, and considered management capacity and capabilities, it was concluded that the
addition of a new KBLI from the management model aspect is feasible.
5. Financial Feasibility:
Based on financial studies and analysis as well as other projections provided that all
projected assumptions can be met, it is concluded that the addition of a new KBLI in the
form of BFR production carried out by the Company is feasible to implement, with the
results of the financial feasibility analysis as follows:
INTERNAL RATE OF RETURN, IRR 14,85% > discount rate 6,28% ----> project layak
NET PRESENT VALUE, NPV ( USD.000 ) 17.513 > 0 ----> project layak
atau ( Rp.000 ) 269.987.392
PROFITABILITY INDEX, PI 1,71 > 1 ----> project layak
PAYBACK PERIOD, PP 10 Tahun 9 Bulan
BEP Rata-Rata ( USD.000 ) 2.180 1.110 1.870 1.909 2.100
atau ( Rp.000 ) 33.611.129
BEP Rata-rata ( % rata-rata pendapatan ) 9,75% 17,55% 16,33% 16,56% 8,81%
• Internal Rate of Return (“IRR”)
IRR is a number that shows the internal rate of return of an investment. Investments can be
categorized as feasible and profitable to carry out if the IRR is greater than the discount rate
used.
The IRR for this new KBLI is 14.85%, meaning it is greater than the assumed discount rate
of 6.28%, meaning that the new KBLI business activities are feasible.
10
Page 11
• Net Present Value (“NPV”)
NPV is the difference between the present value of a series of future receipts and expenditures
(investments) made using a predetermined discount rate. An investment is said to be feasible
if the difference between income and expenditure shows a positive figure.
The NPV for investment and operational implementation of the new KBLI is positive at USD
17,513,000 or Rp. 269,987,392,000, or greater than 0, meaning that the new KBLI business
activity is feasible to conduct.
• Profitability Index (“P/I”)
P/I is a number that shows the comparison between the present value of a series of future
receipts and the expenditure (investment) made. A project is said to be feasible and profitable
if the P/I is greater than 1.
The P/I analysis carried out on this new KBLI was 1.71 or greater than 1, meaning that the
new KBLI business activities were feasible to implement.
• Payback Period (“PP”)
PP is a method that shows the time period required for returns on investments made by the
Company. This method is carried out by calculating the time needed from when the investment
is made until the amount of cash inflow equals the amount of cash outflow.
This new PP KBLI is 10 years 9 months, which is a relatively short period for investment
returns.
• Break Even Point (“BEP”) or Break Even Analysis
BEP or break-even analysis is an analysis to find out at what point the amount of income will
be equal to the amount of expenses/costs, or in other words the Company is in a condition of
neither profit nor loss.
The BEP shows a figure of an average of USD 2,180,000 or Rp. 33,611,129,000, or 9.75% of
the average new KBLI income.
Conclusion of the Feasibility Study on the New KBLI Adding Plan
Based on the study, feasibility analysis of market aspects, technical aspects, business pattern
aspects, management model aspects, and financial aspects, provided that all projected
assumptions can be met, it is concluded that the addition of the new KBLI (KBLI 22220)
through the production of BFR will be carried out by the Company is feasible to be
implemented.
Availability of Experts in Connection with New KBLI Adding Plan
In the New KBLI Adding Plan, competent workers are required in their fields in relation to BFR
production.
In 2024, the Company plans to use 27 workers for the new KBLI on line 1, while in 2027 it will
add 4 workers to line 2, with the following details:
11
Page 12
Number of
Description Manpower
(Persons)
BFR Production Section Head 1
Production Section 22
Marketing Section 2
Supporting Function 2
Sub Total 27
Addition in 2027
Production Section 4
Total Manpower 31
Meanwhile, regarding the availability of experts currently exists within the Company, because
the New KBLI Adding Plan is still relevant to the business activities that have been carried out
by the Company, therefore the existing experts can support the New KBLI Adding Plan.
Availability of Business Places
The BFR factory location will be in the same area as the Company's current factory location,
namely at Jalan Raya Anyer Km. 123, Gunung Sugih Village, Ciwandan District, Cilegon
District, Banten. For the BFR factory building, the Company's current factory building will be
used, there will be no additions or investment in new buildings.
Considerations and Reasons for Making Changes to Business Activities
In order to improve the Company's performance in the future, the Company, as a company
that has been operating in the petrochemical sector for a long time, sees the need for various
industries for plastic packaging, which is a business opportunity in the Bag Film Roll ("BFR")
plastic packaging business, which is included in KBLI 22220.
KBLI 22220 is a KBLI for the plastic goods industry for packaging. This group includes
businesses making packaging from plastic, such as plastic bags or bags, plastic sacks or
sacks, cosmetic packaging, film packaging, medicine packaging, food packaging and other
packaging from plastic (containers, bottles, boxes, boxes, shelves, etc.).
The product to be produced is a plastic packaging product in the form of BFR. This BFR is a
Heavy Duty Bag (a product designed to handle heavy products), which is really needed by the
petrochemical industry, oleochemical industry and food and beverage industry.
The Company has carefully calculated business opportunities that can be run sustainably, and
the Company believes that the Company is able to take advantage of existing opportunities to
provide added value for shareholders, therefore the Company plans to carry out additional
Business Activities through the production of BFR.
12
Page 13
The Effect of Changes in Business Activities on Financial Conditions
The impact of changes in business activities on the Company's financial condition is expected
to increase income through changes in business activities, which will provide added value to
the Company's shareholders.
The expected added value from changes in business activities to the Company's financial
condition is to provide increased revenue, increased net profit, which ultimately provides a
positive NPV of USD 17,513,000 or Rp. 269,987,392,000.
ESTIMATED AGMS SCHEDULE
The Company intends to request an approval from the Company's shareholders for this
Business Activity Adding Plan with the estimated AGMS implementation schedule as follows:
No. Activity Date
1 AGMS Announcement 1 April 2024
2 Disclosure of Information regarding Business Activity Adding 1 April 2024
Plan
3 Shareholder Registration Date to determine the Company's 5 April 2024
Shareholders who are entitled to attend the AGMS (recording
date)
4 Invitation to AGMS 16 April 2024
5 AGMS 8 May 2024
6 Submission of Minutes of Meeting of AGMS 13 May 2024
Announcement, Invitation and Submission of Minutes of Meeting of AGMS as mentioned
above will be announced by the Company to shareholders via the PT Bursa Efek Indonesia
website, the PT Kustodian Sentral Efek Indonesia website and the Company website.
The Company will request approval from the AGMS by taking into account the provisions
stipulated in OJK Regulation Number 15/POJK.04/2020 concerning Plans and Implementation
of the General Meeting of Shareholders of Public Companies and POJK 17/2020.
V. ADDITIONAL INFORMATION
For further information regarding the above matters, the stakeholder can contact the Company
through one of the following communication media during business hours:
Head Office
Wisma Barito Pacific Tower A, 7th Floor
Jl. Let. Jend. S. Parman Kav-62-63, Jakarta 11410
Telp: (62-21) 530 7950
Fax: (62-21) 530 8930
E-mail: corporatesecretary@capcx.com
U.P.: Corporate Secretary
13
Page 14
Thus, the Information Disclosure that we can convey. We thank you for your attention and
cooperation.
Yours faithfully,
PT Chandra Asri Pacific Tbk
[signed] [signed]
Edi Riva’i Suryandi
Director Director
14
Names mentioned 39 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.1
unresolved
org
Safrudin dan Rekan
p.2
unresolved
org
KJPP RSR
p.2
unresolved
org
PT Tripolyta Indonesia
p.2
unresolved
person
Ridwan Suselo
· Notaris
p.2
unresolved
person
John Leonard Waworuntu
· Notaris
p.2
unresolved
org
Minister of Justice
p.2
unresolved
org
Minister of Law and Human Rights
p.2
unresolved
org
West Jakarta District Court
p.2
unresolved
org
PT Chandra Asri
p.2
unresolved
person
Dr. Amrul Partomuan Pohan
p.2 ×2
unresolved
org
PT Petrokimia Butadiene Indonesia
p.2
unresolved
person
Jose Dima Satria
· Notaris
p.3 ×4
unresolved
org
Ministry of Law and Human Rights
p.3
unresolved
org
PT Styrindo Mono Indonesia
p.3
unresolved
person
Nabila Mazaya Putri
p.3
unresolved
org
Chandra Asri Petrochemical Tbk
p.3 ×2
unresolved
—
Erry Riyana Hardjapamek
· Commissioner
p.4
unresolved
org
Safrudin & Partners
p.5
unresolved
org
Minister of Finance
p.6
unresolved
person
Henty Lukman
p.6
unresolved
org
Minister of Finance Register
p.6
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.13
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
No extraction attempted yet.