Signing of Conditional Sale and Purchase Agreement of SOE Holding Hotel Transaction & Signing of Deed of Sale and Purchase of Shares and Shareholders Agreement of Hotel Indonesia Group

Friday, 11 June 2021

Bali, 11 June 2021 - PT Wijaya Karya Realty (“WIKA Realty”), PT Hotel Indonesia Natour (Persero) (“HIN”), PT Aero Wisata (“Aero Wisata”), PT Pegadaian (Persero) (“Pegadaian”) , and PT Patra Jasa (“Patra Jasa”), carries out the signing of several agreements related to the establishment of State Owned Enterprise Holding Hotel on Friday (11/6) in Nusa Dua, Bali. Some of the agreements signed include the Conditional Assets Sale and Purchase Agreement with Pegadaian and PT Pesonna Indonesia Jaya (“PIJ”), the Conditional Share Sale and Purchase Agreement with Aero Wisata Group, the Conditional Share Purchase Agreement with HIN, the Grand Bali Beach Employee Cooperative, and PT Hotel Indonesia Properti (“HIPRO”), and the Deed of Sale and Purchase of Shares of PT Hotel Group Indonesia with Patra Jasa.

 

The signing of this agreement is carried out by WIKA Realty President Director Koko Cahyo Kuncoro, Pegadaian President Director Kuswiyoto, PIJ President Director Sriyani, Aero Wisata President Director Purwadi, Senggigi Pratama Internasional President Director Ivan Malik, HIN President Director Iswandi Said, HIPRO President Director Ismet Komarudin, and President Director of Patra Jasa Litta Ariesca. The event is also attended by Deputy Minister of the Ministry of SOEs Kartika Wirjoatmodjo, Deputy Assistant to the Ministry of SOEs, Endra Gunawan, Alvin Nur W., and Nindira, President Director of PT Hotel Indonesia Group Qodie Ibrahim, President Director of PT Wijaya Karya (Persero) Tbk, Mursyid, Directors and Management of WIKA Realty, Management of PT Pertamina (Persero), and Director of Investment Banking Advisory BRI Danareksa Sekuritas Santi Suryandari.

 

In his remarks, Kartika Wirjoatmodjo, Deputy Minister of the Ministry of SOEs expressed his hope that the signing these several agreements could further strengthen the establishment of SOE Holding Hotel. Kartika further explained, "With the existence of this SOE Holding Hotel, it can bring local hotel brands to the international scene. In addition, it is hoped that in the next 3 to 5 years the Holding Hotel will be able to rebrand with better management.” The establishment of the SOE Holding Hotel is planned to be a partner in the Indonesian tourism business through the SOE Holding Tourism to attract international tourism and support a good tourism ecosystem.