Astra International Tbk PT Astra International Tbk was established by brothers Tjia Kian Tie and William Soeryadjaya, Chinese descendants who had lived in Indonesia for a few generations. William had a close relationship with Soemitro Djojohadikusumo, a prominent economist who was trusted by two presidents – Soeharto and Soekarno – to shape the nation’s economic landscape. William managed to build up a list of exclusive automotive distribution rights, including with Toyota, Izusu, Daihatsu, BMW, and Nissan. In 1980s, Astra began it assembling operations for certain model of Daihatsu and Isuzu vehicles. In the same decade, Astra sealed the exclusive distribution rights for Honda motorcycle. The company changed its name into PT Astra International Tbk (ASII) after it undertook an initial public offering in 1990. Founder Lost Control The Soeryadjaya family controlled 82 percent stake in Astra before in 1992 was forced to give up their ownership, following the collapse of Bank Summa, a lender led by Edward Soeryadjaya, the eldest son of William. The lender suffered a staggering bad debts, due to its over aggressive expansion. Astra then fell into the hand of the Soeharto family’s cronies. Despite that, the new investors kept top managements were still the same. It was William’s inheritance who had set the foundation at the company, including a policy for hiring top managers and upper position from professionals. Under the command of Rini Suwandi, who was backed by the Soeharto family, Astra managed to restructure a big chunk of its debt payments. In late 1990s, Edwin Soeryadjaya, the second son of William made a bid, through US-based Newbridge & Gilbert, to regain ownership in Astra. Suwandi blocked the effort and the acquisition failed. In 1998, following the collapse of the Soeharto regime, the government put 45 percent of Astra shares under the control of the Indonesian Bank Restructuring Agency (IBRA). Under the control of IBRA, Suwandi was fired and replaced by Theodore Rachmat, a long time Astra’s president director. Rachmat had a close relation with the Soeryadjaya family. Under the debt restructuring scheme, IBRA in 2000 sold 40 percent of Astra to a consortium led by Cycle & Carriage Ltd, which is controlled by Hong Kong’s Jardine Strategic Holdings. Cycle & Carriage is the distributor of Mercedes-Benz in Southeast Asia. In May 2000, Edwin Soeryadjaya was appointed as one of the commissioner at Astra, marking the comeback into the company, despite they did not control the company anymore. Today’s Business The Company is now engaging in six diversified businesses. They are automotive; finance; heavy equipment and mining; agribusiness; infrastructure and logistic and information technology.  

Security Code	:	ASII
Office Address	:	Jl. Gaya Motor Raya No. 8, Sunter II, Jakarta
Mail Address	:	aminuddin@ai.astra.co.id
Phone	:	(021) 652-2555
Fax	:	(021) 6530-4957
NPWP	:	01.302.584.6-091.000
NPKP	:	-
Website	:	www.astra.co.id
Listing Date	:	04-Apr-1990
Board	:	Primary
Main Bussiness	:	General Trade
Sector	:	MISCELLANEOUS INDUSTRY
Sub Sector	:	AUTOMOTIVE AND COMPONENTS
Stock Administration Berrau	:	PT Raya Saham Registra

 

Shareholders :

Shareholders Name	Shareholders Type	Number of Share	Percentage
Jardine Cycle and Carriage Limited	More Than 5 % - Controlling Shareholder	2028825504	50.11 %
Budi Setiadharma	Director and Commissioner	849000	0.02 %
Public	Less Than 5%	2019529810	49.89 %

Director :

  Comissioners :

Commissioner's Name	Commissioner's Position	Independent
Budi Setiadharma	President Commissioner	No
Muhamad Chatib Basri	Commissioner	Yes
Erry Firmansyah	Commissioner	Yes
Anthony John Liddell Nightingale	Commissioner	No
Mark Spencer Greenberg	Commissioner	No
Jonathan Chang	Commissioner	No
Djunaedi Hadisumarto	Commissioner	Yes
Soemadi Djoko Moerdjono Brotodiningrat	Commissioner	Yes
Kyoichi Tanada	Commissioner	Yes
Benjamin William Keswick	Commissioner	No
Chiew Sin Cheok	Commissioner	No
David Alexander Newbigging	Commissioner	No

Year 2012 : Q1 : here Q2 : here Q3 : here Audit   Year 2013 : Q1 : here