Sunday, May 25, 2014

Merger, Holcim EGM Held Next Week

The management of PT Holcim Indonesia Tbk ( SMCB ) will ask for approval of shareholders in the context of a merger with a subsidiary . General meeting of the Company will menghelat extraordinary shareholders ( EGM ) on June 2, 2014 .

This schedule is delayed from the original plan on May 6, 2014 . In the company's official announcement , Eamon Ginley re- explain , SMCB will be the surviving company of two subsidiaries . Both subsidiaries are PT Perkasa Polindo Star ( BPP ) and PT rides Transtama .

BPP is a company which manufactures semi-finished goods Holcim over the past five years . Operations carried out by employees of Holcim BPP . Meanwhile , business activities of WT has been discontinued since 2006 and no longer has a material property .
( Read: sangkar terbaru )

The existence of BPP raises inter-company transactions such as operating costs and loan agreement . These transactions give rise Adiministrasi unnecessary burden and additional tax liabilities .

" Incorporation ( business ) is to reduce administrative costs that are not necessary , " said Eamon Ginley , President Director of Holcim Indonesia .

In addition, the merger is also done in order to simplify the organizational structure . No new shares will be issued following the SMCB already controls 100 percent of the shares of BPP and WT .

BPP and WT is no longer employees . So the number of employees Holcim will not increase . Currently , the number of employees reached 2,748 people SMCB . Management has no plan to conduct layoffs ( layoffs )

However , Holcim management also must get approval from creditors and got permission from the Financial Services Authority ( FSA ) is related to the merger .


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