H.M. Sampoerna Tbk.

Brief of Company Background

It was founded in Surabaya in 1963 under the name of PT Perusahaan Dagang Industri Panamas. In October 1988, PT H.M. Sampoerna took over PT Handel Maatschappij, and changed its name to PT Hanjaya Mandala Sampoerna. The companys head office and main plant, which turns out hand rolled and machine manufactured cigarettes, are located in Rungkut, Surabaya. The company also owns a cigarette factory in Taman Sampoerna, Surabaya and Malang, and in Pandaan. In addition to the DJI SAM SOE trade mark, the company also sells its products using the names of Sampoerna A Hijau, Panamas Kuning, Sampoerna A Exclusive, Sampoerna A International, Sampoerna A Universal and Sampoerna A Mild. PT Hanjaya Mandala Sampoerna is affiliated with PT Sampoerna Percetakan Nusantara, PT Panamas, PT Sampoerna Transport Nusantara, PT Sumber Alfaria Trijaya, PT Wahana Sampoerna, PT Sampoerna Advertising Nusantara, PT Sampoerna Food Product Nusantara, PT Sampoerna Joo Lan, Sdn.Bhd, Malaysia and Sampoerna Stella Corp. Ltd., Taiwan. On January 1996, with 50% shares each the company joined with Thai Boon Rong Group, a business group from Kampuchea, to built a plant in Phnom Pen. On June 1996 the company with 30% shares joined venture with PT Inhutani III with 40% shares and PT Nordic Forest Development Holding Ptc, Singapore, with 30% shares to built PT Finnatara Intiga which runs a forestry company. On July 1996 the company has raised a US$ 150 million syndicated loan from 19 international banks and financial institutions arranged by Chase Manhattan Asia Ltd. (Hongkong) and Credit Suisse Mitsubishi International (Singapore). The loan divided into two parts: for the refinancing of former loans and for strengthening working capital. Between June 1996 to October 1996, Putera Sampurna, the majority shareholder of the company, became the talk of town due to his manuevers in buying PT Astra International’s share. It was reported that Putera Sampurna already bought 15% of Astra’s shares, but after an annual shareholders meeting on February 1997 he only had 7.75% shares. Then on March 1997, Putera Sampurna was appointed to the board of commissioners of PT Indofood Sukses Makmur (PT ISM), after he increased his shares to up to 5.

Shareholder List

Management