BUSINESS ADVISORY

The scope of work of PPA in business advisory is covering the activities of restructuring and/or revitalization, consultancy and technical assistance in the SOEs for which PPA is assigned by the Minister of State Owned Enterprise.

The purpose of restructuring and/or revitalization is to improve performance and value of SOEs in a sustainable and long term period by attending commercial aspect and upholding the principles of good corporate governance.

The implementation of RR refers to Regulation of Minister of SOE No. 05/MBU/2012 concerning Perubahan Atas Peraturan Menteri Negara Badan Usaha Milik Negara Nomor PER-01/MBU/2009 Tentang Pedoman Retrukturisasi dan Revitalisasi Badan Usaha Milik Negara Oleh Perusahaan Perseroan (Persero) PT Perusahaan Pengelola Aset.

Progress of Business Advisory activities conducted by PPA is as follows:

A. SOEs Under Restructuring Process:
1. PT Merpati Nusantara Airlines (Persero)
2. PT PAL Indonesia (Persero)
3. PT Kertas Kraft Aceh (Persero)
4. PT Dirgantara Indonesia (Persero)
5. PT Industri Kapal Indonesia (Persero)
6. PT Nindya Karya (Persero)

B. SOEs On the Process of Transfer of Shares to PT PPA:
1. PT Industri Sandang Nusantara (Persero)
2. PT Survai Udara Penas (Persero)

C. Technical Assistance:
1. PT Boma Bisma Indra (Persero)

D. SOEs with other Obligation to PT PPA:
1. PT Industri Gelas (Persero)
2. PT Djakarta Llyod (Persero)

E. SOEs under the Power of Attorney from Minister of SOE:
1. PT Merpati Nusantara Airlines (Persero)
2. PT Energi Manajemen Indonesia (Persero)
3. PT Industri Gelas (Persero)
4. PT Industri Sandang Nusantara (Persero)
5. PT Survai Udara Penas (Persero)
6. PT Kertas Kraft Aceh (Persero)

Through this Power of Attorney, PT PPA is entitled to act upon the authority of Minister of SOE, as the Shareholder of the State Own Enterprise in the framework of Restructuring/Revitalization, with the exception of dismissing and appointing Board of Directors and Board of Commisioners and making decision regarding the utilization of the company’s profit.