One of Indonesia’s conglomerates, Chairul Tanjung (CT) is getting closer to controlling Harda International Bank.
This week, the bank’s shareholders will hold an extraordinary general meeting of shareholders (EGMS) on January 29, 2021, in Jakarta, where one of the agenda is about CT approval to take over Harda Bank.
Quoted from the disclosure of information on the Indonesia Stock Exchange (IDX) on Wednesday, January 27, there are three meeting agenda items that will be discussed in a meeting held by the issuer coded as BBHI this week.
First, the approval of PT Mega Corpora’s takeover plan, which is owned by businessman Chairul Tanjung, for 3.08 billion shares or around 73.71 percent of the total issued and paid-up shares in the company from PT Hakimputra Perkasa including the takeover plan and the concept of the deed of the takeover.
In his explanation, PT Hakimputra Perkasa plans to sell its share ownership in the company, amounting to 3.08 billion shares to PT Mega Corpora.
This takeover transaction is subject to the provisions in the company’s articles of association and the laws and regulations regarding takeover as lastly regulated in POJK No.41/ POJK.03/2019 concerning merger, consolidation, acquisition, integration, and conversion of commercial banks so that it requires a meeting decision on the takeover plan. which has been prepared by the Directors of the Company and PT Mega Corpora as well as approval of the draft deed of transfer.
Then in the second meeting agenda, namely the approval of the amendments to the company’s articles of association. Next, the third meeting agenda item is the change in the company’s management.
Previously it was known, on December 4, 2020, PT Mega Corpora has obtained approval from the Financial Services Authority (OJK) to be able to continue the company’s takeover plan.
The plan to take over Harda Bank is still in the process of implementing EGMS approval as one of the conditions for obtaining a takeover permit from OJK.