On May 5 2023, PT Perdana Karya Perkasa Tbk. (PKPK) held an Extraordinary General Meeting of Shareholders.
According to the Company's Articles of Association and applicable laws and regulations, the General Meeting of Shareholders was attended by shareholders, representing 437,961,862 shares, or 72.994% of all shares, so that the General Meeting of Shareholders met a quorum.
In a written statement issued by PKPK management on Friday (5/5), the EGMS agenda I approved increased the company's capital by issuing 600 million new shares from the portfolio with a nominal value for each share of IDR 200. In addition, the company will receive pre-emptive rights (PMHMETD) or grant of rights.
Furthermore, in Agenda II, the EGMS approved changes to the Company's Articles of Association; in particular, paragraph 7 of Article 17 of the Company's Articles of Association.
In terms of Agenda III of the EGMS, changes were approved to Article 3 of the Company's Articles of Association relating to business objectives and activities as well as adjustments to the 2020 Standard Classification of Indonesian Business Fields. Article 3 will be amended in accordance with changes, updates or other provisions determined by the relevant agency. authorized, as stated at the Meeting.
For additional information, on April 14 2023, PKPK plans to use all the funds it received from PMHMETD I, after reducing emission costs to:
1. The Company is currently spending capital on projects currently underway, and preparations for new projects include the purchase of heavy equipment and supporting units.
2. Working capital to carry out the Company's business activities includes payment of subcontractors, labor, materials, fuel and other services for ongoing and future projects.
3. Repayment of debts of PT Royal Victoria Hotel, which is not affiliated with the Company.
Cited from www.emitennews.com
