Company News :
In March 2017, RIMO has undergone a business major transformation to become a Real Estate Investment Holding Company by acquiring PT Hokindo Properti Investama (an Integrated Property Developer who has 10 Subsidiaries) at the price of 70% of Hokindo’s Share Valuation (70% x Rp 5.649 Trillion = Rp 3.955 Trillion) by issuing 40,596,000,000 new Shares with Nominal Value of Rp 100/share.
RIMO is also planning to do Retail Business of opening “Building Materials Stores” a business which is highly supplementary to support not only to the Group Company but to all Home Builders and Home Owners accross Indonesia.
Partnerships with Big Major Property Players to expedite and increase more value to the Land Development have been done for the benefit of all the shareholders and stakeholders.
In May 2017, Hokindo has approximately 1300 ha of Land through its 10 Subsidiaries whose Locations are in the heart of the newly developed area of big cities accross Indonesia (Jakarta, Serang, Puncak Cianjur, Sumbawa, Banjarmasin, Balikpapan, Pontianak, Kendari). The latter four cities are said to be “Promising Cities” by Coldwell Banker in their recent Report.
- Prime focus in integrated township property development
- Possesses substantial land banks throughout Indonesia acquired at reasonably low prices, mainly in Java and Borneo
- Diversified development portfolio with focus on maximizing land value by creating convenient townships with excellent infrastructure, houses, malls, schools, hospitals, apartments, that serve various aspects of its residents’ needs and improve their quality of life