A Brief History of the Company
PT Fortune Mate Indonesia Tbk (the Entity) was established within the frame work of the Foreign Capital Investment Law (PMA) No. 1 year 1967 based on Notarial Deed No. 44, dated June 24, 1989 by Rika You Soo Shin, S.H., notary in Surabaya. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in its Decision Letter No. C2-9241.HT.01.01 TH. 94, dated June 16, 1994 and were announced in the State Gazette of Republic Indonesia No. 82 Supplement No. 7947 dated October 14, 1994. The Article of Association has been amended several times latest by Notary Deed of Wachid Hasyim, S.H., No. 35, dated December 17, 2009 about the conversion of other payables into issued and fully paid capital stock. The amendment of the Article of Association has been received by the Department of Law and Human Rights of the Republic of Indonesia in its letter No. AHU-0085406.AH.01.09. year 2009, dated December 22, 2009.
The Entity started its commercial operations since 1989 in the manufacturing of footwear located in Sidoarjo, East Java, and stopped its operation since middle of March 2004. In 2005 the business switched to the field of Real Estate Development with offices located in Surabaya.