investment; “Investor” means any person who is interested in investing in securities and shall also means any client of securities businesses of securities companies; “Securities company” means any company
shareholders as when the investment was previously approved. Therefore, the Company has sought for investors who are interested in the project and it is currently under the negotiation. 4. Investment in the
disposal of assets for two times in March and April 2018. However, it appears that there was no other interested party submitted the offer for the asset; as such, the Company has to have the resolution of
percent. Currently, the current executives which are the representative of the existing shareholders are responsible for seeking the investors who are interested in the project. During the seeking process
in other countries who are interested in expanding their businesses to Indonesia. Results in immediately (FY20E) accretive EPS and ROE for the Bank (assuming the Transaction completes within 2020
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three-quarters of total votes cast by shareholders present and eligible to vote, excluding votes by any interested shareholders in accordance with the PLC Act and/or other applicable rules and regulations
, excluding interested shareholders’ equity; (2) Appoint an independent financial adviser (IFA) to provide an opinion pursuant to the Notification of Connected transactions, which the Company appointed Advance
such transaction with a vote of not less than three-quarters of the votes of all shareholders attending the meeting and having the right to vote, excluding interested shareholders’ equity; (2) Appoint an
is viewed that the Company shall terminate or sell the investment, and the Company shall, then, seek for investors who are interested in the project. At present, the current management, representing