adjustments), as set out in the last financial statements published by Permata prior to the closing of the Transaction. 4. Source of Funds The Bank expects the Transaction to be financed via combination of
Economies, which was expected to grow 4.9% in 2018 from 4.7% in 2017. Supported by the positive global outlook, the Company expects to expand hotel management and franchise business to spearhead growth in
”, “anticipates”, “would”, “plans”, “could”, “should, “predicts”, “projects”, “estimates”, “fore- sees” or similar expressions or the negative thereof, identify or signal the presence of forward-looking statements
expects to receive approvals from the BOT and OJK and will be able to acquire the Shares in Permata from Standard Chartered and Astra within the third quarter of 2020. The purchase price therefore shall be
, while implementing the plans that least affected the welfare and morale of the employees. The Company expects to reduce costs and expenses by 20% in 2020 compared to 2019. The Company foresees the
Forward According to the outbreak of Covid 19 at the end of the first quarter of 2020, it was found that the company affected by the situation but was at a manageable level. However, the company anticipates
aboard. As a result, the administrative expenses and other related expenses increased. Together with its subsidiaries in the expansion caused administrative expenses increased. The Company expects that
branded product, and higher finance costs, etc. The Company expects that its operating results will remain under pressure for the rest of the year. Although the Company expects to continue its loss for the
subscription to pay to Shell in accordance with the Assignment of Participating Interest Agreements. The Company expects the completion under the Assignment of Participating Interest Agreements and the capital
increase due to the fluctuation of raw material price that remain high during our financial year. The direction of raw material price started to decline at the end of financial year and expects to benefit