Lenox Pasifik Investama Tbk.

Brief of Company Background

The company was founded under the name of PT Lippo Securities in 1989. By October 1993, the company had accumulated 308 foreign and domestic clients divided into 213 individual and 95 institutional and corporate clients. On mid 1996, the company plans to offer 195.75 million shares right issue at Rp 1.000 per share. The expected funds will be used not only for working capital in expanding its stock brokerage and corporate finance operations but also for the expansion of the operating network. The shares were available for trading on Jakarta Stock Exchange and Surabaya Stock Exchange on August 28, 1996. Through internal acquisition by mid 1996, the company bought 32% share of Lippo Life, while Lippo Life bought 45% shares of Lippo Bank. Within this framework, the company propelled to the top of the ownership pyramid and Lippo Bank dwelled the bottom of the whole structure. On August 1997, the company is ready with the provision of a margin trading facilities supported by a fund amounting to Rp 400 billion and a company trading system, an efficient back office and control system. On June 1997, the company’s net profit was projected up to Rp 26.1 billion, almost 3 times its net profit of Rp 6.7 billion in 1996. But on July 1997, the Jakarta Stock Exchange sent a second warning to the company because of four mistakes it made i.e. buying its own shares and doing transaction on affiliated shares. The company had been warned that if it make the same mistakes for the fou

Shareholder List

Management