Lippo Cikarang Reaffirms Board Of Director Composition In 2019 EGMS


November 29, 2019


PT Lippo Cikarang Tbk (“LPCK”) today announced the results of its Extraordinary General Meetingof Shareholders (“EGMS”)  held today November 29, 2019. In today’s meeting, the resignation of Mr. Hong Kah Jin from his position as LPCK Board of Directors was accepted and the current composition of the Company’s Board of Directors as of the closing of the EGMS, shall be as follows:


Board of Directors

President Director                   :           Sie Subiyanto

Director                                   :           Ju Kian Salim

Director                                   :           Alexander Yassa

Director                                   :           Lora Oktaviani

Independent Director              :           Sony


Board of Commissioners

President Commissioner         :           Theo L. Sambuaga

Independent Commissioner    :           Ali Said

Independent Commissioner    :           Hadi Cahyadi

Independent Commissioner    :           Didik Junaedi Rachbini

Komisaris                                :           Sugiono Djauhari


President Director of PT Lippo Cikarang Tbk, Simon Subiyanto said: “The agenda of the EGMS today is to approve the resignation of Mr. Hong Kah Jin as a Director and reaffirmation of the composition of the Company’s Directors and Board of Commissioners. We thank our Board members for their contribution and commitment to improve performance in the coming year.


He also said : “In the future the Company will focus on developing and launching quality new residential products, as well as continuing the handover of the Orange County apartment units.”


LPCK continues to build its reputation as an integrated urban property developer with international standard facilities. LPCK is located in an area of around 3,250 hectares in one of the largest industrial estates in Southeast Asia. LPCK has successfully built more than 17,192 houses and has a population of 53,695 residents. In the Lippo Cikarang industrial area, there are around 551,795 people who work every day in 1,316 manufacturing facilities.


LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”). LPKR is one of the largest property companies in Indonesia based on total assets and revenues and is listed on the Indonesia Stock Exchange. LPKR is supported by solid recurring income and a diversified landbank. LPKR’s business consists of Housing, Retail Malls, Hospitals, Hospitality, Township management and Asset Management.



For Further Information Please Contact :


Investor Relations

William Wijaya Utama

021-8972484 / 021-8972488


Corporate Secretary

Lora Oktaviani

021-8972484 / 021-8972488


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This press release has been prepared by PT Lippo Cikarang Tbk (“LPCK”) and is circulated for the purpose of general information only. All opinions and estimations included in this release constitute our judgment as of this date and are subject to change without prior notice. LPCK disclaims any responsibility or liability whatsoever arising which may be brought against or suffered by any person as a result of reliance upon the whole or any part of the contents of this press release and neither LPCK nor any of its affiliated companies and their respective employees and agents accepts liability for any errors, omissions, negligent or otherwise, in this press release and any inaccuracy herein or omission here from which might otherwise arise.


Forward-Looking Statements  Certain statements in this release are or may be forward- looking statements. These statements typically contain words such as “will”, “expects” and “anticipates” and words of similar import. By their nature, forward looking statements involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release.