Jakarta, November 28, 2024 – PT Remala Abadi Tbk (“The Company”) hereby announces the results of the General Meeting of Shareholders (GMS) of PT Fiber Kerumah Indonesia (“FKI”), a subsidiary of the Company, held on November 28, 2024. Based on deed number 129 made by Notary Elizabeth Karina, S.H., M.Kn., and approved through the Ministry of Law and Human Rights decree number AHU-AH.01.03-0216225, this GMS resulted in several significant strategic decisions for the development and expansion of FKI in the future.
Key Decisions of the GMS:
1. Acceptance of New Shareholders
- The GMS approved the acceptance of Wukong Technology Partners Limited as a new shareholder, resulting in a change in FKI’s shareholding structure.
2. Share Transfer
- The GMS approved the transfer of 196 shares from Mr. Iman Taufik (a shareholder of FKI) to Wukong Technology Partners Limited, changing the previous shareholding structure:
- The Company: 6,004 shares
- Mr. Iman Taufik: 196 shares
- to:
- The Company: 6,004 shares
- Wukong Technology Partners Limited: 196 shares
3. Increase in Authorized Capital and Issued Capital
The authorized, issued, and paid-up capital increased from IDR 6,200,000,000 to IDR 50,000,000,000 through debt conversion and cash injection.
- previously:
- The Company: IDR 6,004,000,000
- Wukong Technology Partners Limited: IDR 196,000,000
- to:
- The Company: IDR 25,500,000,000
- Wukong Technology Partners Limited: IDR 24,500,000,000
4. Composition of the Company’s Management
- Establishment of a new composition of the Board of Directors and Board of Commissioners:
- Director: Mr. Liu Jinchun
- President Commissioner: Mrs. Verah Wahyudi Singgih Wong
- Commissioner: Mrs. Huang Jing
5. Changes in Business Purposes and Objectives
- Adjustment of business purposes and objectives to include wholesale trade of telecommunications equipment, machinery, ISP services, and other telecommunications activities by KBLI (Indonesia Standard Industrial Classification).
Impact of the GMS Decisions:
These decisions positively impact FKI’s operations, finance, and legal standing. The increase in authorized and paid-up capital strengthens the financial capacity for business expansion, while the change in legal status allows for broader access to foreign investment. With the entry of Wukong Technology Partners Limited, collaboration in technology and innovation is expected to accelerate FKI’s business development.
FKI is committed to continuously providing added value to shareholders and maintaining transparency in every decision.
The positive impacts of these changes on the Company include:
- This change in FKI will positively increase revenue beyond the current conditions.
- FKI’s contribution to the residential market will help accelerate the Company’s revenue growth.
For more information, visit our website at https://remala.id/