MNC Asia Holding explained

PT MNC Asia Holding Tbk
Trade Name:MNC Asia Holding
MNC Group
Type:Public
Former Name:
  • Bhakti Investama
  • MNC Investama
Founder:Hary Tanoesoedibjo
Industry:Conglomerate
Hq Location:MNC Financial Center
Location City:Kebon Sirih, Menteng, Jakarta
Hq Location Country:Indonesia
Products:Media, Financial Services, Entertainment Hospitality

PT MNC Asia Holding Tbk, (formerly PT MNC Investama Tbk and PT Bhakti Investama Tbk), doing business as MNC Asia Holding or MNC Group, is an Indonesian multinational conglomerate. Its primary businesses are media, financial services, and entertainment hospitality. It is based in Jakarta, Indonesia.

It holds a majority shareholding of MNC Media (formerly known as Bimantara Citra), MNC Financial Services (formerly known as Bhakti Kapital Indonesia), and MNC Land (formerly known as Kridaperdana Indahgraha and Global Land Development). It is the country's largest media company.[1]

History

MNC Investama was established in Surabaya on 2 November 1989 by Hary Tanoesoedibjo as Bhakti Investama. The company initially focuses solely on capital-market related activities.

It moved its headquarters to Jakarta in 1990.

In 1994, the Company expanded its business to include securities trading and brokerage, investment advisory, investment management, underwriting, origination and syndication, financial advisory and research services, as well as mergers and acquisitions, followed by the launch of mutual fund products. The Company listed on the Jakarta Stock Exchange and the Surabaya Stock Exchange (now merged into the Indonesia Stock Exchange) through an initial public offering in 1997.

MNC Lido City

MNC Lido City is one of MNC Land's projects. It is located south of Bogor city, West Java, near the village Cigombong, i.e., near Cigombong railway station and the Cigombong toll gates of the Bocimi Toll Road.

The first phase is the development of the Trump International Resort & Golf Club Lido, a golf club and residences.

A visit in 2019 by Donald Trump Jr. raised questions about conflicts of interest between the Trump family and the presidency.[2]

Directors and commissioners

List of President Directors

No.NameServing fromEnd of tenure
1Hary Tanoesoedibjo19892002
2Hary Djaja20022009
3Hary Tanoesoedibjo20092016
4Darma Putra20162022
5Hary Tanoesoedibjo2022Present

Board of directors

No.NamePosition
1Hary TanoesoedibjoPresident Director
2Susanty Tjandra SanusiVice President Director
3TienDirector
4Natalia PurnamaDirector
5Jiohan SebastianDirector
6Henry SuparmanDirector
7Mashudi HamkaDirector
8Santi ParamitaDirector

Board of Commissioner

No.NamePosition
1Agung Firman SampurnaPresident Commissioner (Independent)
2Darma PutraVice President Commissioner
3Liliana TanoesoedibjoCommissioner
4Valencia H. TanoesoedibjoCommissioner
5Ricky Herbert P. SitohangIndependent Commissioner

Shareholder

The composition of MNC Corporation's shareholders as of June 30, 2022 are:

Shareholders Number of shares Ownership Percentage (%)
HT Investment Development Ltd13,238,835,71615.85
DBS Bank Ltd S/A8,321,109,8009.96
PT Bhakti Panjiwira5.262.220.1126.30
Commissioners and Directors
Hary Tanoesoedibjo (President Commissioner)2,166,568,3002.59
Liliana Tanoesoedibjo (Commissioner)89,662,0000.11
Valencia Tanoesoedibjo (Commissioner)1,860,0000.00
Darma Putra (President Director)44,477,2000.05
Susanty Tjandra Sanusi (Vice President Director)50,0000.00
Tien (Director)44,377,1000.05
Henry Suparman (Director)16,180,5000.02
Natalia Purnama (Director)16,152,5000.02
Mashudi Hamka (Director)3,740,4000.00
Santi Paramita (Director)2,7000.00
Community (ownership below 5%)54,337,505,43165.04
Total83,542,741,759100
Plus: Treasury Stock2,525,414,946
Amount86.068.156.705

Notes and References

  1. News: Indonesian Fintech Company Achiko Lists on Swiss Exchange . Deal Street Asia . 13 November 2020 . 11 November 2019 . Ardi . Wirdana.
  2. News: . Don Jr.'s visit to luxury resort 'prelaunch' in Indonesia revives conflict-of-interest concerns . 9 August 2019 . Marcus . Baram .