ANCORA AT A GLANCE
The Company was established on 15 September 2003 under the name PT Okansa Persada and went public and listed at the Surabaya Stock Exchange on 29 March 2006. The Company’s business activities include mining, trade, transport and services which conducted through the Company’s subsidiaries. On 19 December 2007 the Company changed its name to PT TD Resources, Tbk to reflect its business activities in the field of natural resources. Furthermore, the primary shareholder agreed to relinquish their majority stake to PT Ancora Resources, a holding company with a primary investment in Indonesia’s natural resource ventures.
The Company’s intent is to develop growth opportunities through acquisitions. On 13 October 2008 PT TD Resources, Tbk acquired 40% shares of PT Multi Nitrotama Kimia (MNK), a leader in Indonesia’s mining industry for blasting services and explosive materials. Upon the approval of the shareholders of PT TD Resources, Tbk, on 6 November 2008 the Company changed its name to PT Ancora Indonesia Resources, Tbk, effectively placing the Company as a subsidiary of PT Ancora Resources, which engaged in all investment activities as well as portfolio development of Indonesia’s natural resource business.
On June 2009, the Company established PT Ancora Shipping, a shipping company planned to be one of the supporting services to other businesses within the Company. In addition, the establishment of PT Ancora Shipping was to benefit from the implementation of cabotage principle in the 2010 Shipping Law. The Company further pursue expansion by acquiring 60% shares of PT Bormindo Nusantara (BN) on November 2009. BN is a company that provides on-shore drilling services for oil and gas. Moreover, the Company also increased its ownership shares in MNK from 40% to 50% in December 2009.
The developments previously mentioned were the initial steps taken by the Company to enroot a strong foothold in businesses at the oil & gas, mining, and energy sector in Indonesia. The success in coping with various challenges faced by the Company would be a strong fundamental for the future growths. Aside from developing growth through multiple acquisitions, the Company will continuously expand and acquire a diverse range of businesses in order to realize the Company’s vision in becoming the pre-eminent natural resource company in Indonesia.
|Shareholders Information regarding Capital Market Supporting Professionals (2017) (Download file .pdf)