PT Anabatic Technologies Tbk (Anabatic Technologies) held an Extraordinary General Meeting of Shareholders (EGMS) on Thursday (14/12/2023) at Graha Anabatic, Tangerang. The meeting discussed the approval agenda for the divestment of PT Equine Global (EG) shares purchased by IBM Global Services Pte Ltd (IBM).
The decision to divest EG shares is a step to implement the company’s growth strategy and business transformation.
“The company’s business growth strategy is to refocus on developing the main business line, namely the provision of information technology solutions and services, which currently contributes significantly to the company’s consolidated revenue and has good growth potential in the future,” said Antonius Agus Susanto, as Commissioner of PT Anabatic Technologies Tbk.
The results of the Extraordinary GMS held that day decided the following matters:
1. Approve the divestment transaction plan of PT Equine Global (EG) share ownership of 73% (seventy-three percent) by PT Computrade Technology International (CTI), which is a direct subsidiary of the Company with 99.99% (ninety-nine point ninety-nine percent) shares, to an unaffiliated party as referred to in the Financial Services Authority Regulation Number 42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest Transactions with the value of the divestment of EG shares reaching a material value as referred to in the Financial Services Authority Regulation Number 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities;
2. Approve the implementation plan of the asset sale transaction as requested for approval in point 1 is a material transaction as referred to in the Financial Services Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities and does not contain a conflict of interest as referred to in the Financial Services Authority Regulation No. 42/POJK.04/2020 concerning Affiliated Transactions and Conflict of Interest Transactions; and
3. Grant power and authority with the Right of Substitution to the Board of Directors of the Company to implement the decisions stated in the General Meeting of Shareholders, including but not limited to making or requesting all necessary deeds, letters and documents, appearing before authorized parties/officials, including Notaries, submitting applications to authorized parties/officials to obtain approval or reporting such matters to authorized parties/officials as referred to in the applicable laws and regulations.
By simplifying the organizational structure through the divestment of EG shares, the company is expected to concentrate on areas with significant revenue contribution and strong growth potential.
The EGMS also marks an important moment in the company’s evolution, paving the way for improved operational efficiency and a more targeted approach to its core business activities. And ultimately contributing to the company’s continued growth and success in a dynamic business landscape.