PT Nusatama Berkah Tbk (NTBK) has established a new subsidiary called PT Pilar Pratama Dinamika (PPD).
This establishment was announced by the President Director of NTBK, Bambang Susilo, in a written statement Thursday (13/6).
PPD was founded with authorized capital of IDR 8 billion and issued capital of IDR 2 billion. In terms of share ownership structure, NTBK owns 99.999% of PPD shares, while PT Reborn Capital owns 0.001% of shares.
The establishment of PPD is based on the Deed of Establishment dated 16 May 2024, Number 12, which was made before Kenny Dewi Kaniawati, S.H., Notary in Bekasi City, and has received approval from the Indonesian Minister of Law and Human Rights with Number AHU-0037410.AH.01.01.Tahun 2024.
PPD will operate in various trade fields, including wholesale trade in new cars, car spare parts and accessories, wholesale trade on a fee or contract basis, as well as wholesale trade in machinery, equipment and other equipment, and land transportation equipment.
Bambang Susilo stated that the establishment of PPD would not have a significant impact on NTBK's operational activities, legal conditions, financial conditions and business continuity.