Jakarta –
PT Bentoel International Investama Tbk decided to release its status as a public company to a closed one (Go Private).
Director Bentoel Dinar Shinta Ulie also revealed the step of delisting the company’s shares from the Indonesia Stock Exchange (IDX) aka delisting.
The Go Private and Delisting process is still ongoing today, supported by competent professionals in their fields to ensure the company carries out every stage in accordance with the applicable laws and regulations.
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The Annual General Meeting of Shareholders (AGM) today also approved the resignation of Faisal Saif as President Director and Martin Artur Guest as Director taking into account the sustainability of the company’s planned activities.
The shareholders agreed to appoint William Lumentut as President Director and Thomas Christian as Director of the Company.
Dinar explained that 2022 is still a year full of challenges for the tobacco industry apart from the increase in excise tariffs and the Retail Selling Price (HJE), the lack of predictability of regulations, the increase in illegal cigarette trade and the lack of incentives to encourage investment which has put great pressure on the tobacco industry. overall.
Dinar said the company expects the government to pay attention to the sustainability of the tobacco industry through balanced regulations for all stakeholders.
“Despite these challenges, the company believes that we will continue to play an active role in the Indonesian economy to create value and a better future for all stakeholders,” he explained.
(kil/dna)
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