Mobile phone distributor PT Tiphone Mobile Indonesia Tbk plans to sell 2.67 billion shares, or 40.08% of its total equity, through an initial public offering by early next month.
Tiphone is own by Hengky Setiawan and his brother Welly Setiawan through PT Upaya Citra Sejahtera. It is plans to offer it shares within the range of Rp250 to Rp350 per unit in 3-5 January. It will also emit 1.34 billion warrants, which will be given as sweetener to the public shareholders. Every purchase of two new shares will get a free warrant. These securities can be changed into shares in five year period after it listed. Continue reading →
PT ABM Investama Tbk projects the company could book 150% growth by the end of the year, from last year Rp4,49 trillion. It listed its shares in the Indonesia Stock Exchange (IDX) this morning. Continue reading →
(This is the another version of Lasting Value, a story about The Hamami family, with additional data from Forbes Indonesia Richest List 2011 and update on ABM Investama plan to become publicly listed company).
The Hamami family. L-R: Mivida, Muki, Met, and Bari. (Photo courtesy of Tiara Marga Trakindo)
Rachmat Mulyana Hamami has just arrived in his working room that morning, June 14. The two-storey high ceilings room is located in the penthouse floor of TMT 1, family owned new office building, which was expanded and completed in 2009. His family business Trakindo is based in Cilandak, a marine compound, build since early 1970s merely because Jakarta’s Governor Ali Sadikin asked his father to build a factory in the area. At the time, he pictures the place as in the middle of nowhere. It takes five years for the company to create lives in its surrounding. Before that happen it provide buses to pick-up their employees. Now the place is crowded. Some of the energy related companies are also there. Continue reading →
The ultra-modern Trakindo building in Cilandak looks like one that should be in the central business district rather than a suburb of Jakarta. Yet its location is significant. It was here in Cilandak that the Hamami family’s business PT Tiara Marga Trakindo (TMT) has been located since 1971. That longevity, and respect for tradition, is a testament to the guiding philosophy of the family and its business interests. Continue reading →
Hengky Setiawan’s face smiles down from billboards promoting his Telesindo company and its signature TiPhone in more than 200 billboards across Indonesia. Print ads also use his image. “At first, the decision to use myself as a model was merely to save money but then I got used to it,” says Hengky, the founder and owner of Telesindo. Continue reading →