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Concise History


PT STAR PACIFIC Tbk (“the Company”) was initially founded under the name of  PT Asuransi Lippo Jiwa Sakti based on Deed of Establishment No. 301 dated May 28, 1983, it was then amended with Deed No. 130 dated August 10, 1983, among others are on the changes of the Company name into PT Asuransi Lippo Life, both were signed by Misahardi Wilamarta, S.H., a Notary in Jakarta and has received approval from the Minister of Justice of the Republic of Indonesia based on Decree No. C2-6716.HT.01.01.TH.83 dated October 12, 1983, registered in West Jakarta District Court Office with No. 1211/1983 Not on October 20, 1983 and announced in State Gazette of the Republic of Indonesia No. 49 dated June 19, 1984, Supplement No. 604/1984. The Company’s authorized capital upon establishment was Rp 1,500,000,000 (one billion and five hundred million Rupiah), consisting of 1,500 (one thousand and five hundred) shares with nominal value of Rp 1,000,000 (one million Rupiah) per share.

The Company initially operated as a life insurance company based on Decree of Minister of Finance of the Republic of Indonesia No. 477/KMK.11/1983 dated December 29, 1983. The permit is valid since December 29, 1983 and the Company started its commercial operation since January 1, 1984.

On September 14, 1989, the Company made its Initial Public Offering by offering 1,071,400 (one million and seventy one thousand four hundred) shares with nominal price of Rp 1,000 (one thousand Rupiah) per share to public with initial price of Rp 8,500 (eight thousand and five hundred Rupiah) per share. In regards to the Initial Public Offering, the Company’s Article of Association was completely amended by the Deed of the Minutes of Extraordinary General Meeting of Shareholders No. 9 dated September 4, 1989 and Deed No. 36 dated September 11, 1989, both were signed by Kartini Muljadi, S.H., a Notary in Jakarta and it was approved by Minister of Justice of the Republic of Indonesia based of Decree No. C2-8629.HT.01.04-TH.89 dated September 13, 1989, registered in South Jakarta District Court Office, respectively No. 195/Not/1989/PN.JKT.SEL and No. 794/Not/1989/PN.JKT.SEL on September 20, 1989 and it was announced in State Gazette of the Republic of Indonesia No.83 dated October 17, 1989, Supplement No.2484/1989, among others are regarding the increase of authorized capital from Rp 1,500,000,000 (one billion and five hundred million Rupiah) to Rp 5,000,000,000 (five billion Rupiah) consisting of 5,000,000 (five million) shares with nominal value of  Rp1,000 (one thousand Rupiah) per share.

Based on the Resolution of Company’s Extraordinary General Meeting of Shareholders dated January 24, 2000, as specified in the Deed of Resolution of Company’s Meeting No. 34 dated January 24, 2000, signed by Misahardi Wilamarta,S.H., a Notary in Jakarta, amendments were made to Chapter 1 of Company’s Article of Association, the amendment was about the change of Company’s name from PT Asuransi Lippo Life Tbk to PT Asuransi Lippo E-Net Tbk. The data of Amendments Deed of Company’s Article of Association dated January 26, 2000 has been approved by the Minister of Law and Legislation of the Republic of Indonesia based of Decree No. C-1945 HT.01.04.TH.2000 dated February 10, 2000, registered to Company Register in Companies Registration Office of Tangerang District/Municipality with No. 055/BH 10.03/IV/ 2000 and announced in State Gazette of Republic of Indonesia No. 52 dated June 30, 2000, Supplement No. 3377/2000.

The Company’s Article of Association have been amended several times, based on Deed of Resolution of Company’s Extraordinary General Meeting of Shareholders No. 87 dated June 23, 2000, signed by Misahardi Wilamarta, S.H., a Notary in Jakarta, the Articles of Association was amended with regards to change of the Company’s name into PT Lippo E-Net Tbk and change of the Company’s business activities from life insurance to company in service, information technology and business management/development and company management. The Amendment Deed has been approved by the Minister of Law and Legislation of the Republic of Indonesia with Decree No. C-22232 HT.01.04-TH.2000 dated October 10, 2000, registered to the Company Register in Companies Registration Office in Tangerang District/Municipality with No. 0179/BH.10.25/XI/2000 and announced in State Gazette of the Republic of Indonesia No. 14 dated February 16, 2001, Supplement No. 1086/2001.

Based on Deed of Resolution of Company’s Meeting No. 126 dated November 28, 2008, signed by DR. Misahardi Wilamarta, S.H., M.H., M.Kn., LL.M., a Notary in Jakarta, Article of Association was amended with regards to the change of Company‘s name to PT Star Pacific Tbk, the addition of Company business activity, which is media business and the capital raising through Limited Public Offering V with Rights issue for 720,236,340 (seven hundred twenty million two hundred and thirty six thousand three hundred and forty) Series C Shares with Nominal Value of Rp 100 (one hundred Rupiah) per share or in total are Rp 72,026,634,000 (seventy two billion twenty six million six hundred and thirty four thousand Rupiah) that was offered with price of Rp139 (one hundred and thirty nine Rupiah) per share. The Amendment Deed has been approved by the Minister of Law and Human Rights of the Republic of Indonesia with Decree No. AHU-01525.AH.01.02.Tahun 2009 dated January 8, 2009 on the Approval of Amendment Deed of Company‘s Article of Association, registered in Company Register No. AHU-0001782.AH.01.09.Tahun 2009 dated January 8, 2009 and announced in State Gazette of the Republic of Indonesia No. 17 dated February 27, 2009, Supplement No. 6016/2009.

Based on Deed of Resolution of Company’s Meeting No. 14 dated June 22, 2015, signed by Nurlani Yusup, S.H., M.Kn., a Notary in Tangerang District, with regards to the change several articles of Articles of Association to comply with the Regulation of the Financial Services Authority (“OJK”). The amendments’ report has been received by Minister of Law and Human Rights of the Republic of Indonesia as specified in Letter of Announcement of Company’s Article of Association Amendment No. AHU-AH.01.03-0946176dated June 26, 2015, registered in Company Register No. AHU-3525597.AH.01.11.TAHUN 2015 dated June 26, 2015 and announced in State Gazette of the Republic of Indonesia No. 95 dated November 27, 2015, Supplement No.1805/L/2015.

Based on Deed of Resolution of Company’s Meeting No. 03 dated June 21, 2019, signed by Nurlani Yusup, S.H., M.Kn., a Notary in Tangerang District, Amended Article 3 of the Articles of Association in the context of adjusting to the Head of the Central Bureau of Statistics No. 19 of 2017. The Amendment Deed has been approved by the Minister of Law and Human Rights of the Republic of Indonesia with Decree No. AHU-0038900.AH.01.02.Tahun 2019 dated July 18, 2019 on the Approval of Amendment Deed of Company‘s Article of Association, registered in Company Register No. AHU-0113938.AH.01.11.Tahun 2019 dated July 18, 2019.

The Company’s Articles of Association were last amended by the Deed of Statement of Part of the Resolution of the Extraordinary General Meeting of Shareholders of the Company No. 186 dated 31 October 2019, which was made before Sriwi Bawana Nawaksari, SH, M.Kn., Notary in Tangerang Regency, regarding the amendments to Article 1 and Article 3. This amendment deed was approved by the Minister of Law and Human Rights of the Republic of Indonesia with Decree No. AHU-0099720.AH.01.02. 2019 dated November 26, 2019 concerning Approval of Amendments to Company’s Articles of Association, registered in the Register of Company No. AHU-0230797.AH.01.11.YEAR 2019 dated November 26, 2019 and has been received by the Minister of Law and Human Rights of the Republic of Indonesia as specified in Letter of Announcement of Company’s Data Amendment No. AHU-AH.01.03-0366428 dated 29 November 2019, registered in the Company Register No. AHU-0230797.AH.01.11.YEAR 2019 dated 29 November 2019.

Since the Initial Public Offering until the present, Company has conducted 5 (five) Limited Public Offering, which are Limited Public Offering l on 1994, Limited Public Offering II on 1996, Limited Public Offering III on 1997, Limited Public Offering IV on 1999 and Limited Public Offering V on 2008.

Vision and Mission

Vision

Become the owner of an office building that rents out office space and offers complete facilities so as to provide comfort and prestige in working.

 Mission

For tenant, we provide excellent services and innovative products of quality in building a comfortable, safe and healthy community.

For employees, we provide opportunities to grow and create a professional working environment based on corporate values, where all employees can realize their potential and enhance the Company.

Purpose and objectives

In accordance with Article 3 of the Company’s Article of Association, the purpose and objectives of the Company are to consisting of business in field of professional, scientific and technical activities; field of information and communication; and field of real estate. In order to achieve its purpose and objectives, the Company may conducting its business activities as follow:

  1. Main business activities are:
    (i) Activities in field of professional, scientific and technical activitieswhich include, among others:
    – Other management consultation activities.
    (ii) Activities in field of Information and communicationwhich include, among others:
    – Publishing newspapers, journals and bulletins or magazines
    – Activity of information technology and other computer services.
  2. Supporting business activities are:
    (i) Activities in filed of real estate which include, among others:
    – Real estate that is owned or leased.
    – Real estate on the basis of recompense (fee) or contract.
    (ii) Direct and indirect investment in any other company, these activities are to support the Company‘s main business activities.