PT MNC Asia Holding Tbk (), the MNC Group, is an Indonesian conglomerate company founded in 1989. This company operates in the fields of mineral resources, mass media, and investment.
History This company was founded by Hary Tanoesoedibjo in Surabaya, East Java on 2 November 1989 as a securities company under the name PT Bhakti Investama. Three years later, in 1997, the company officially went public on the Indonesia Stock Exchange, successfully raising Rp 80 billion. After it went public, Titiek Suharto, son of then Indonesian President Suharto and Hungarian-American investor George Soros announced its holding to the company albeit for short period of time.
In early 2000s, after the end of 1997 Asian financial crisis, Tanoesoedibjo was offered by son of former President Suharto, Bambang Trihatmodjo to buy his company Bimantara Citra that was affected by the financial crisis which Tanoesoedibjo agreed to initially take 25% of the shares in which helped Tanoesoedibjo to enter the mass media industry.
Ownership The following is a list of company ownership based on financial reports as of 30 September 2024. Shareholder NamePercentage of Ownership (%)HT Investment Development Ltd15,85DBS Bank Ltd S/A Caravaggio Holdings Limited9,96PT Bhakti Panjiwira6,30Darma Putra Wati (Deputy Chief Commissioner)0,05Liliana Tanaja (Commissioner)0,11Valencia H. Tanoesoedibjo (Commissioner)0,00Hary Tanoesoedibjo (President director)3,22Susanty Tjandra Sanusi (Deputy President Director)0,00Tien (Director)0,00Henry Suparman (Director)0,02Natalia Purnama (Director)0,02Mashudi Hamka (Director)0,00Santi Paramita (Director)0,00Public (ownership below 5%)64,42Total100%
Subsidiary The following are the company's subsidiaries based on financial statements as of 30 September 2024. Name of SubsidiaryPercentage of Ownership (%)PT Global Mediacom Tbk45,75PT MNC Kapital Indonesia Tbk50,48PT MNC Energi99,99PT MNC Energy Investments Tbk44,09
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