Company Profile

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.

COMPANY’S SUBSIDIARIES

PT Multi Bangun Sarana (PT MBS)
Address: Gozco Building 3rd floor, 54-56 Raya Darmo Street, Surabaya 60265. Based on deed of Extraordinary General Meeting of Stockholders (EGMS) notarized by Hari Santoso, S.H. M.H. in notarial deed No. 3, dated December 14, 2007, the Entity has invested in shares to PT MBS amounted to Rp 30,600,000,000 consists of 30,600 shares with par value Rp 1,000,000 or equivalent to 51,00% Based on deed of EGMS notarized by Hari Santoso, S.H. ,M.H. in notarial deed No. 13, dated December 28, 2011, the Entity has increased investment in shares to PT MBS amounted to Rp 59,800,000,000 consists of 59,800 shares with par value Rp 1,000,000 and transfer price of Rp 29,200,000,000 making the percentage of ownership to 99.67%.

PT Masterin Property (PT MP)
Address: Gozco Building 3rd floor, 54-56 Raya Darmo Street, Surabaya 60265. Based on deed of EGMS notarized by Hari Santoso, S.H., M.H. in notarial deed No. 4, dated December 14, 2007, the Entity has invested in shares to PT MP amounted to Rp 15,300,000,000 consists of 15,300 shares with par value Rp 1,000,000 or equivalent to 51,00%.

PT Indosuryo Wahyupahala ( PT IWP)
Address: Gozco Building 3rd floor, 54-56 Raya Darmo Street, Surabaya 60265. Based on the Deed of the Extraordinary General Meeting of Shareholders (EGMS) which is said by Notarial deed Hari Santoso, S.H., M.H., No. 10, dated August 21, 2017, the Company entered into shares of PT Indosuryo Wahyupahala, Subsidiary Rp 9,999,000,000 consisting of 9,999 shares with par value of Rp 1,000,000 or equivalent to 99.99%.