Welcome!

Microsoft Cloud Authors: Pat Romanski, Liz McMillan, Lori MacVittie, Elizabeth White, Yeshim Deniz

News Feed Item

Benakat Petroleum (BIPI) Receives Shareholder Approval to Acquire Astrindo (AMI)

Jakarta, Indonesia, Dec 17, 2012 - (ACN Newswire) - PT Benakat Petroleum Energy Tbk ("BIPI"), which signed a Conditional Sales and Purchase Agreement on December 19, 2011 to acquire PT Astrindo Mahakarya Indonesia ("AMI"), a company engaged in the coal mining infrastructure sector, held an Extraordinary General Meeting of Shareholders (EGMS) on December 14, 2012 with one of the agenda being the PLAN FOR ACQUISITION OF SHARES OF PT ASTRINDO MAHAKARYA INDONESIA.

"We have obtained the approval of the shareholders to acquire AMI," commented Michael Wong. The acquisition of AMI is expected to dramatically increase the performance of BIPI, led by a consortium comprising Omar Putihrai dan Halim Jusuf, among others.

Wong said that in 2013, BIPI revenue would be expected to increase close to IDR 4 trillion as compared to this year's revenue of IDR 365 billion. As for the net profit, it would be expected to increase close to IDR 1 trillion in 2013, with EBITDA reaching IDR 2.5 trillion as compared to the projected 2012 EBITDA of IDR 36 billion.

AMI is a coal mining infrastructure company which owns integrated coal mining infrastructure assets in the form of a coal port with total capacity of 48 million tonnes per year and an overland conveyor infrastructure for the provision of integrated coal supply services with an estimated total capacity of 73,5 metric tonnes per year.

The EGMS also approved the appointment of Mr. Theodorus Ito Prawira Jatty as Independent Commissioner, replacing Mr. Zanial Achmad.

About PT Benakat Petroleum Energy Tbk

PT Benakat Petroleum Energy (IDX:BIMI) is an integrated oil and gas company that owns investment and asset portfolios in several mining sectors, including oil and gas, coal, manganese, with the support of integrated oil and gas services business. Listed on the Indonesian Stock Exchange in early 2010, BIPI has made several strategic acquisitions to strengthen its business, including the acquisition of 37,67% of shares of PT Elnusa Tbk (ELSA), 10,3% of shares of PT Buana Listya Tama Tbk (BULL), 100% of shares of Patina Group Ltd, and following the GMS on December 14, 2012, the full acquisition of PT Astrindo Mahakarya Indonesia (AMI). For more information, please see www.benakat.co.id.

Source: PT Benakat Petroleum Energy Tbk

Contact:
Dina Andini
Corporate Secretary,
PT Benakat Petroleum Energy Tbk.
Tel: +62-21-576-4661
Email: [email protected]




Copyright 2012 ACN Newswire. All rights reserved.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science," is responsible for setting the strategy and defining the Big Data service offerings and capabilities for EMC Global Services Big Data Practice. As the CTO for the Big Data Practice, he is responsible for working with organizations to help them identify where and how to start their big data journeys. He's written several white papers, is an avid blogge...
When talking IoT we often focus on the devices, the sensors, the hardware itself. The new smart appliances, the new smart or self-driving cars (which are amalgamations of many ‘things'). When we are looking at the world of IoT, we should take a step back, look at the big picture. What value are these devices providing. IoT is not about the devices, its about the data consumed and generated. The devices are tools, mechanisms, conduits. This paper discusses the considerations when dealing with the...
Machine learning has taken residence at our cities' cores and now we can finally have "smart cities." Cities are a collection of buildings made to provide the structure and safety necessary for people to function, create and survive. Buildings are a pool of ever-changing performance data from large automated systems such as heating and cooling to the people that live and work within them. Through machine learning, buildings can optimize performance, reduce costs, and improve occupant comfort by ...
René Bostic is the Technical VP of the IBM Cloud Unit in North America. Enjoying her career with IBM during the modern millennial technological era, she is an expert in cloud computing, DevOps and emerging cloud technologies such as Blockchain. Her strengths and core competencies include a proven record of accomplishments in consensus building at all levels to assess, plan, and implement enterprise and cloud computing solutions. René is a member of the Society of Women Engineers (SWE) and a m...
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, discussed the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docker c...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: Driving Business Strategies with Data Science" is responsible for guiding the technology strategy within Hitachi Vantara for IoT and Analytics. Bill brings a balanced business-technology approach that focuses on business outcomes to drive data, analytics and technology decisions that underpin an organization's digital transformation strategy.