MNC Asia Holding

PT MNC Asia Holding Tbk, formerly known as PT MNC Investama Tbk and PT Bhakti Investama Tbk, doing business as MNC Asia Holding or MNC Group, is an Indonesian multinational conglomerate engaged in media, financial services, and entertainment hospitality based in Jakarta, Indonesia. It was established on 2 November 1989 as a financial security company. It holds a majority shareholding of MNC Media (formerly known as Bimantara Citra), MNC Financial Services (formerly known as Bhakti Kapital Indonesia), and MNC Land (formerly known as Kridaperdana Indahgraha and Global Land Development). It is said to be the largest media company in the country.[1]

PT MNC Asia Holding Tbk
MNC Asia Holding
MNC Group
Formerly
  • Bhakti Investama (1989–2013)
  • MNC Investama (2013–2022)
TypePublic
IDX: BHIT
IndustryConglomerate
Founded2 November 1989 (1989-11-02)
FounderHary Tanoesoedibjo
HeadquartersMNC Financial Center,
Kebon Sirih, Menteng, Jakarta
,
Indonesia
Key people
ProductsMedia, Financial Services, Entertainment Hospitality
Subsidiaries
  • MNC Media
  • MNC Financial Services
  • MNC Land
  • MNC Energy Investment
Websitewww.mncgroup.com

History

MNC Investama was established in Surabaya on 2 November 1989 by Hary Tanoesoedibjo as Bhakti Investama. The company initially focuses solely on capital-market related activities. It moved its headquarters to Jakarta in 1990. The Company's relocation to Jakarta brought greater opportunities to develop the business in line with the evolving capital market.

In 1994, the Company expanded the scope of its business to include securities trading and brokerage, investment advisory, investment manager, underwriter, origination and syndication, financial advisory and research services, as well as mergers and acquisitions, followed by the launch of mutual fund products. The trust demonstrated by the customers convinced the Company to list its stocks on the Jakarta Stock Exchange and the Surabaya Stock Exchange (now merged into the Indonesia Stock Exchange) through an initial public offering in 1997.

MNC Lido City

MNC Lido City is one of the MNC Land projects being developed. It is located south of Bogor city, West Java, near the village Cigombong, i.e., near Cigombong railway station and the Cigombong toll gates of the Bocimi Toll Road.

The first phase is the development of the Trump International Resort & Golf Club Lido, a golf club and residences.

A visit in 2019 by Donald Trump Jr. raised questions about the financial conflicts of interest between the Trump family and the presidency.[2]

Directors and commissioners

List of President Directors
No. Name Serving from End of tenure
1 Hary Tanoesoedibjo 1989 2002
2 Hary Djaja 2002 2009
3 Hary Tanoesoedibjo 2009 2016
4 Darma Putra 2016 2022
5 Hary Tanoesoedibjo 2022 Present

Board of directors
No. Name Position
1 Hary Tanoesoedibjo President Director
2 Susanty Tjandra Sanusi Vice President Director
3 Tien Director
4 Natalia Purnama Director
5 Jiohan Sebastian Director
6 Henry Suparman Director
7 Mashudi Hamka Director
8 Santi Paramita Director

Board of Commissioner
No. Name Position
1 Agung Firman Sampurna President Commissioner (Independent)
2 Darma Putra Vice President Commissioner
3 Liliana Tanoesoedibjo Commissioner
4 Valencia H. Tanoesoedibjo Commissioner
5 Ricky Herbert P. Sitohang Independent Commissioner

Shareholder

The composition of MNC Corporation's shareholders as of June 30, 2022 are:

Shareholders Number of shares Ownership Percentage (%)
HT Investment Development Ltd 13,238,835,716 15.85
DBS Bank Ltd S/A 8,321,109,800 9.96
PT Bhakti Panjiwira 5.262.220.112 6.30
Commissioners and Directors
Hary Tanoesoedibjo (President Commissioner) 2,166,568,300 2.59
Liliana Tanoesoedibjo (Commissioner) 89,662,000 0.11
Valencia Tanoesoedibjo (Commissioner) 1,860,000 0.00
Darma Putra (President Director) 44,477,200 0.05
Susanty Tjandra Sanusi (Vice President Director) 50,000 0.00
Tien (Director) 44,377,100 0.05
Henry Suparman (Director) 16,180,500 0.02
Natalia Purnama (Director) 16,152,500 0.02
Mashudi Hamka (Director) 3,740,400 0.00
Santi Paramita (Director) 2,700 0.00
Community (ownership below 5%) 54,337,505,431 65.04
Total 83,542,741,759 100
Plus: Treasury Stock 2,525,414,946
Amount 86.068.156.705

References
  1. Wirdana, Ardi (11 November 2019). "Indonesian Fintech Company Achiko Lists on Swiss Exchange". Deal Street Asia. Retrieved 13 November 2020.
  2. Baram, Marcus (9 August 2019). "Don Jr.'s visit to luxury resort 'prelaunch' in Indonesia revives conflict-of-interest concerns". Fast Company.
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