PT Lippo Cikarang Tbk (“LPCK”) is pleased to announce the results of its Annual General Meeting of Shareholders (“AGMS”) held on Wednesday (March 22, 2017), which approved changes in the Board of Commissioners (“BOC”) and Board of Directors’ (“BOD”) members. The BOC and BOD’s members are as follow:
President Commissioner : Lee Heok Seng
Vice President Commissioner : Ketut Budi Wijaya
Independent Commissioner : Hendry Leo
Independent Commissioner : Hadi Cahyadi
Independent Commissioner : Setyono Djuandi Darmono
Commissioner : Sugiono Djauhari
Commissioner : Chan Chee Meng
President Director and
Independent Director : Bartholomeus Toto
Director : Hong Kah Jin
Director : Ju Kian Salim
Director : Ivan Setiawan Budiono
Bartholomeus Toto, The President Director of LPCK, said:“The Company’s performance in 2016 was below expectation mostly due to the slowdown in Indonesia’s property sector. LPCK recorded a total revenue of Rp1.54 trillion and a net income of Rp 529 billion. The total asset of the Company grew by 3 percent from Rp5.47 trillion to Rp 5.65 trillion.”
Looking ahead, the Company is focusing on the development of Orange County, a project for the Company’s sustainable growth in the future.
Orange County is a World Class mixed use development – the Globally Connected City, which will serve as the center of lifestyle and activities in the Eastern corridor of Jakarta. It is to be developed on an area of 322 hectares with a total investment of Rp 250 trillion. Six apartment towers have already been successfully launched. The fifth and sixth towers are a joint venture between Lippo Group with Mitsubishi Corporation, Japan.
As a pioneer of Smart City in the Eastern Jakarta Corridor, LPCK has launched a mobile application named “LippoCikarang.com”. It can be accessed from a smartphone on Android and IOS’s platforms. The mobile application provides features such as Lippo Cikarang Directory Information, Property Market and Lippo Cikarang’s latest information. Residence of Lippo Cikarang is given special features such as CCTV Access and eBilling which can be used as Mobile Payment for maintanance Fee. Bartholomeus Toto said that the mobile application provides access and convenience for residents as well as visitors of Lippo Cikarang. For the first phase, the application is available for Android smartphone via Google Play Store, while the IOS users can download the application in April 2017.
Last year, LPCK received two awards from Forbes Indonesia, i.e:Top 50 Best of the Best Company Awards 2016 and Trifecta Award –for the company’s outstanding performance in three consecutive years.
The Japanese is the biggest expatriate community in Lippo Cikarang township. LPCK aims to help Japanese, who are unable to enjoy the festive days at their home country. Thus, on April 8-9,2017 LPCK will hold Sakura Matsuri Festival 2017, which is the sixth of similar event. Sakura Matsuri is an annual festival in Japan, which is traditionally celebrated to enjoy the beauty of Sakura during its blossom time, or called the ‘Golden Time’. The blossom time normally happens during March-April.
LPCK is an urban development with a total area of 3,000 hectares, with industrial areas as its base economy. LPCK has succeeded in building more than 14,000 residences, with a population of 50,720 residents, and 484.300 people working daily in 993 light manufacturing companies accross Lippo Cikarang industrial area.
LPCK is a subsidiary of PT Lippo Karawaci Tbk (“LPKR”). LPKR is the largest company in Indonesia interm of total asset and revenue and is listed on the Indonesia Stock Exchange, and is supported by a strong land bank and solid recurring income. LPKR’s business comprises of Residensial / Township, Retail Malls, Hospitals, Hotels and Asset Management.
LPCK is listed on the Indonesian Stock Exchange with a market capitalization of Rp3,04 trillion or US$ 228 billion as of January 17th, 2017.
For further information please contact:
Hong Kah Jin
Director PT Lippo Cikarang Tbk
021-8972484/021-8972488
Dea Thamrin
Corporate Secretary PT Lippo Cikarang Tbk
