The above facilities of PT Bank DBS Indonesia which will be due on January 25

The above facilities of pt bank dbs indonesia which

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The above facilities of PT Bank DBS Indonesia which will be due on January 25, 2019 has been extended to March 25, 2019 based on the Letter No. 006/DBSI/IBG/2019 on January 22, 2019 (see Note 34). The above loan from PT Bank DBS Indonesia secured by deposits and land and building owned by Lili Mulyadi Sutanto, shareholder and trade receivables of Subsidiary (see Note 5) and personal guarantees from Lili Mulyadi Sutanto and Herwanto Sutanto, shareholders. These are the matters that must get written approval from PT Bank DBS Indonesia during the credit are as follows: - Change shareholder composition more than 51% of total shares with valid voting rights or in other percentages resulting in changes in control. Based on the Confirmation Letter of Agreement on Covenant Amendment from PT Bank DBS Indonesia No. 001&2/DBSI/BG-BDG/I/2019 dated January 10, 2019, this article changed to the Subsidiary must submit a written notification to the Bank no later than one month before the Subsidiary changes the shareholders' composition of the Subsidiary (see Note 34). - Changing legal forms and/or law status, liquidating, merging, taking over and/or dissolving and/or doing other things for the benefit of its creditor (other than bank) including issuing new shares and/or selling shares option, warrant or other similar instruments. - Create and sign a material agreement that benefits the members of the board of directors, board of commissioners or shareholders or parties concerned with the aforementioned parties. - Result or agree to result in capital expenditure. 56
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The original consolidated financial statements included herein are in the Indonesian language. PT ALKINDO NARATAMA Tbk DAN ENTITAS ANAK CATATAN ATAS LAPORAN KEUANGAN KONSOLIDASIAN (Lanjutan) Pada Tanggal 30 September 2018, 31 Desember 2017 Dan 31 Desember 2016 Dan Untuk Periode Sembilan Bulan Yang Berakhir Pada Tanggal 30 September 2018 Dan 30 September 2017 (Tidak Diaudit) Dan Untuk Tahun Yang Berakhir Pada Tanggal 31 Desember 2017 dan 31 Desember 2016 (Disajikan dalam Rupiah, Kecuali Dinyatakan Lain) 10. UTANG BANK JANGKA PENDEK (Lanjutan) - Mengubah jenis usaha. - Mengajukan permohonan untuk dinyatakan pailit atau permohonan penundaan kewajiban pembayaran utang. - Mengikatkan diri sebagai penjamin terhadap pihak ketiga. - Memindahtangankan sebagian besar aset ( major asset ) atau aset penting ( material asset ) atau perusahaan dalam bentuk atau dengan nama apapun juga dan dengan maksud apapun juga kepada pihak ketiga. PT ALKINDO NARATAMA Tbk AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) As Of September 30, 2018, December 31, 2017 And December 31, 2016 And For The Nine-Month Periods Ended September 30, 2018 And September 30, 2017 (Unaudited) And For The Years Ended December 31, 2017 And December 31, 2016 (Expressed in Rupiah, Unless Otherwise Stated) 10. SHORT-TERM BANK LOANS (Continued) - Change the type of business.
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