Lippo Cikarang, Bekasi, Indonesia
Tuesday, June 5th, 2018
PT Lippo Cikarang Tbk (“LPCK”) today announce the results of its Annual General Meeting of Shareholders (“AGM”) held on Tuesday, June 5th, 2018, which approve and ratify the changes in the Board of Directors (“BOD”) and Board of Commissioners (“BOC”) members.
The new composition of the BOD and BOC, as follow:
The newly appointed President Director of LPCK, Sie Subiyanto stated, “I would like to thank the Shareholders for their trust and confidence in LPCK. Additionally, I would like to extend our gratitude towards former member of BOD and BOC for their contribution and guidance during their tenure. I also would like to congratulate and welcome the new member of BOC for their appointments. Their extensive backgrounds and practical experience in their respective fields will further strengthen LPCK’s management, operation and governance in their new role.”
He also said “The Company’s performance in 2017 was below expectation mostly due to the slowdown in Indonesia’s property sector. LPCK recorded a total revenue of Rp1.5 trillion and a net profit of Rp 368 billion. However, the total asset of the company grew by 119% to Rp12.37 trillion from Rp5.65 trillion in the previous year.”
Looking ahead, the Company will focus on the development of Meikarta, the beautiful township complete with facilities. We believe that we will have sustainable projects for our future growth.
In 2017, LPCK ranked second in the 100 Fastest Growing Company Award for ‘Property, Real Estate, and Building Construction’ category from Infobank magazine with a score of 99.02. Moreover, LPCK has received ‘Indonesia Most Innovative Business Award 2017’ for special mention as the most innovative housing facility category. These awards keep us motivated to be in the forefront of the property industry.
Lippo Cikarang is an urban development with a total development rights of 3,250 hectares, and has succeeded in building more than 17,192 residential homes, with current population around 51,250 residents and 500,500 people working daily in 1,200 light manufacturing companies across Lippo Cikarang industrial area.
LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”). LPKR is the largest property company in Indonesia based on its total asset and revenue. It is listed at the Indonesia Stock Exchange, and supported by a solid land bank and Recurring Income.
LPKR businesses consist of Residential /Township, Retail Malls, Hospitals, Hotels and Asset Management.
LPCK is listed on the Indonesian Stock Exchange with a market capitalization of Rp 1.54 trillion, or equivalent to US$ 112 million as of May 28th, 2018.
For further information please contact:
Hong Kah Jin
Director
PT Lippo Cikarang Tbk
Hong.kahjin@lippo-cikarang.com
Dea Thamrin
Corporate Secretary
PT Lippo CiKARANG Tbk
Dea_thamrin@lippo-cikarang.com
Visit our website: www.lippo-cikarang.com
RUPST LPCK 2018
Jajaran Direksi dan Komisaris Lippo Cikarang terpilih berpose sesaat,seusai RUPST 2018 yang diantaranya mengubah susunan Dewan Direksi dan Komisaris Perseroan yang diselenggarakan hari ini, Selasa 05 Juni di Aryaduta Hotel Jakarta.
Keterangan foto; dari kiri ke kanan:
Hong Kah Jin (kiri) – Direktur, Lora Oktaviani (dua dari kiri) – Direktur, Didik Junaedi Rachbini (tiga dari kiri) – Komisaris Independen, Ali Said (empat dari kiri) – Komisaris Independen, Sie Subiyanto (lima dari kiri) – Presiden Direktur, Ju Kian Salim (enam dari kiri) – Direktur, Juvantia (tujuh dari kiri) – Direktur Independen, Sony (delapan dari kiri) – Direktur Independen, dan Alexander Yasa (sembilan dari kiri) – Direktur
RUPST LPCK 2018
Jajaran Direksi dan Komisaris Lippo Cikarang terpilih berbincang sesaat,seusai RUPST 2018 yang diantaranya mengubah susunan Dewan Direksi dan Komisaris Perseroan yang diselenggarakan hari ini, Selasa 05 Juni di Aryaduta Hotel Jakarta.
Keterangan foto; dari kiri ke kanan:
Hong Kah Jin (kiri) – Direktur, Lora Oktaviani (dua dari kiri) – Direktur, Didik Junaedi Rachbini (tiga dari kiri) – Komisaris Independen, Ali Said (empat dari kiri) – Komisaris Independen, Sie Subiyanto (lima dari kiri) – Presiden Direktur, Ju Kian Salim (enam dari kiri) – Direktur, Juvantia (tujuh dari kiri) – Direktur Independen, Sony (delapan dari kiri) – Direktur Independen, dan Alexander Yasa (sembilan dari kiri) – Direktur
