January 22, 2017 9:27 AM ET

Consumer Finance

Company Overview of PT Swadharma Indotama Finance

Company Overview

PT Swadharma Indotama Finance offers consumer finance services. The company is based in Jakarta, Indonesia. PT Shinhan Indo Finance was formerly known as PT Swadharma Indotama Finance. As a result of acquisition of PT Swadharma Indotama Finance by Shinhan Card Co., Ltd, PT Swadharma Indotama Finance's name was changed. As of December 1, 2015, PT Swadharma Indotama Finance operates as a subsidiary of Shinhan Card Co., Ltd.

Wisma Indomobil I Lt. 10

Jl. MT. Haryono Kav.8

Jakarta,  13330



62 21 857 9095

Key Executives for PT Swadharma Indotama Finance

PT Swadharma Indotama Finance does not have any Key Executives recorded.

PT Swadharma Indotama Finance Key Developments

PT Swadharma Indotama Finance Announces Executive Changes

As a continuation of the acquisition plan to be conducted by PT Swadharma Indotama Finance the acquisition of shares in SIF has been completed on 1 December 2015. In relation with such Acquisition, a change of composition of the Board of Directors and the Board of Commissioners of SIF will also be conducted, as follows: Before acquisition, Usmansjah Sulaiman was President Director, after the acquisition, Kim Dae-Young will be President Director. Lee Dong-Ik replaced Liem Agustinus as Director. Soebronto Laras replaced Soebronto Laras as President Commissioner. Kim Jung-Soo replaced Caecilia Retno Susilowasti as Commissioner. Usmansjah Sulaiman and Tan Kim Piauw will be Director. The term of office of such new members of the Board of Directors and the Board of Commissioners will be effective from the date of issuance of decision of the Financial Service Authority (OJK) on the results of the fit and proper test of such members of the Board of Directors and the Board of Commissioners.

Shinhan Card To Buy 50% Stake In Swadharma Indotama

Shinhan Card Co., Ltd. will sign a deal next week to buy 50% stake in PT Swadharma Indotama Finance. 'We will sign a deal next week in Jakarta to buy a 50% stake plus a share in Swadharma Indotama Finance from Indonesia's Salim Group for a bit more than 10 billion won ($8.4 million),' a Shinhan Card spokesman said. Shinhan Card plans to hold a board meeting on August 21, 2015 to approve the acquisition, with a signing ceremony scheduled on August 26, 2015.

Shinhan To Acquire Swadharma Indotama

Shinhan Card Co., Ltd. is to acquire the stake of PT Swadharma Indotama Finance, an arm of PT Indomobil Sukses Internasional Tbk (JKSE:IMAS), according to sources.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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