Jakarta –
PT Bentoel Internasional Investama Tbk is preparing to transition from a public company to a private company (go private). Bentoel Director Dinar Shinta Ulie explained that this step also removed the company’s share listing from the Indonesia Stock Exchange (delisting).
The process of going private and delisting is still ongoing today, supported by competent professionals in their fields to ensure that the company carries out every stage in accordance with the applicable laws and regulations.
On the other hand, the plan to go private will not affect the company’s business processes.
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“So this has no effect at all, two separate things and the process is still ongoing. We are assisted by consultants who are experienced in their fields and hold regulations according to the law and this has no impact on the company’s business activities,” he said at a press conference, Wednesday (27 /7/2022).
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.
What will happen to the shareholders? Just click on the next page
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