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08 Sep 2020

PT Malindo Feedmill Tbk Held an AGMS & EGMS

PT Malindo Feedmill Tbk held an Annual General Meeting of Shareholders (AGMS) and an Extraordinary General Meeting of Shareholders (EGMS) on August 28, 2020 at Hotel Kristal, Jakarta. Director of PT Malindo Feedmill Tbk, Rewin Hanrahan and Rudy Hartono Husin attended this event.

 

PT Malindo Feedmill Tbk also invited journalists to attend the Public Expose via zoom or online invitations.

 

In the Public Expose, Rudy Hartono Husin said that this year there was no dividend distribution. “We know how difficult the economy right now and we were also affected. Therefore, we decided that there would be no dividend distribution this year. So all the profits earned in 2019 will be used for the company’s operations and to maintain the company’s performance for future development, ”said Rudy Hartono Husin.

 

Furthermore, Rudy Hartono Husin revealed that the Company initially set a target capital expenditure (capex) of IDR 700 billion in 2020. “However, because there was Covid-19, companies tried to be more conservative so that the capex was cut very big,” said Rudy.

 

In this Public Expose, PT Malindo Feedmill also discussed market share. “We keep trying to find other markets especially in processed foods market share in a pandemic is quite prospective deal in order to help performance of the company. Besides that, we are also looking for overseas markets, “said Rewin.

 

At the end of the Public Expose event, Rewin also explained about future export targets. “We will export in Q3 and Q4 this year to countries with progress such as Japan, Timor Leste, and Papua New Guinea. Of course, this cannot be separated from only these countries, We are still looking for export opportunities in other countries, “said Rewin.

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