History In Brief
PT WICAKSANA OVERSEAS INTERNATIONAL Tbk.
The Company began its business with the establishment of PT Djangkar Djati in Medan, North Sumatera in 1964. Since1973, the business has been expanded to a wider range of products such as snacks, beverages, milk powder, instant noodle, personal care, cosmetics, medicine, household products and cooking oil.
Based on the article 3 of the Company’s Articles of Association, the scope of activities of the Company comprises of trade, including export and import trade, either own trade or trade based on commission, services, construction, industry, workshop, transportation, agriculture and printing.
On November 22, 2000, the Company, through a limited offering without pre-emptive rights (Right Issues) in accordance with the Capital Market Supervisory Agency (Bapepam) Rule No. IX.D.4, attachment to the Decision Letter of the Chairman of Bapepam No. Kep-44/PM/1998 dated August 14, 1998, converted its bank loans amounting to US$9,349,799 to the Company’s shares, wherein every US$1 obtains six (6) shares or in total amounting to 56,098,805 shares with a par value of 500 per share. The market price per share at the time of conversion was Rp750. As a result, the total number of issued and fully paid is 277,858,805. All shares have been listed on the Indonesia Stock Exchange on April 9, 2001.
On October 19, 2006, the Company, through a limited offering without pre-emptive rights (Rights Issues) in accordance with the Bapepam rule No. IX.D.4, attachment to the Decision Letter of the Chairman of Bapepam No. Kep-44/PM/1998 dated August 14, 1998, converted its loan amounting to US$54,075,304 into the Company’s new shares of 991,092,172 shares with a par value of Rp500 per share.
Effective October 31, 2017, there is a changes in the shareholder structure as 761,370,587 shares from Djajadi Djaja, President Commissioner, now belong to DKSH Holding AG.
To distribute all these products, the Company operates a network of 33 distribution centers scattered across all major cities in Indonesia supported by 337 employees. This broad distribution network has helped the Company’s success in gaining trust to distribute products from its clients.