GGRP成功召开临时股东大会
Cikarang Barat, May 3, 2024 - PT Gunung Raja Paksi Tbk ("GGRP"), one of the largest players in the steel industry in Indonesia, successfully conducted an Extraordinary General Meeting of Shareholders ("EGM"). The meeting was attended by the Board of Directors and Commissioners of the Company as well as shareholders representing 95.22% of the total voting shares.
The EGM was chaired by Budi Raharjo Legowo, the President Commissioner of GGRP. He was accompanied by Fedaus, the President Director, and Roymond, the Finance Director of GGRP. The purpose of this meeting was to discuss and decide on several strategic agendas that would determine the Company's policy direction in the future.
The main agenda agreed upon in this EGM was the approval of the Company's plan to sell shares to its subsidiary, PT Nusantara Baja Profil ("NBP"). A total of 9,699,984 shares will be sold to three strategic investors, namely Yamato Kogyo, Co. Ltd., Siam Yamato Steel Co. Ltd., and PT Hanwa Indonesia. This step was taken as a strategy to further develop the capacity and business reach of NBP.
"Today's decision is a crucial step in our long-term strategy to enhance the Company's capabilities, both domestically and regionally. We are grateful for the strong support from all shareholders and are committed to continuously developing the Company and increasing the added value we provide to our shareholders," said Budi Raharjo Legowo, President Commissioner of GGRP.
Meanwhile, Roymond, the Finance Director of GGRP, added, "This share sale will not only strengthen our financial structure but also expand the Company's business network through close collaboration with strategic investors. We believe that this cooperation will open up more opportunities and create beneficial synergies, while also accelerating the Company's growth and innovation in the domestic steel industry."
The meeting proceeded smoothly, and all agendas were approved by all shareholders without any objections. This marks a new chapter for PT Gunung Raja Paksi Tbk in executing its dynamic and sustainable business strategy.
Since the beginning of 2020, the Company has embarked on a transformation journey to become a strong and highly competitive steel company. Various strategic policies have been successfully implemented, particularly in management and digital transformation, the adoption of ESG strategies, including energy transition strategies to achieve decarbonization. The Company's success in executing its transformation has attracted interest from strategic investors to collaborate and invest in the Company.