, Singapore
111 views
Photo by Joshua Ang on Unsplash

Memiontec incorporates Indonesia business subsidiary

The company owns 99.4% of its subsidiary.

Memiontec Holdings Ltd. announced the incorporation of PT. MIT Investment, a subsidiary in Indonesia.

PT. MIT Investment is an investment holding company. It has an issued and paid-up share capital of approximately $1k comprising 11,000 ordinary shares.

Nine out of ten (90%) shares are held by  MIT Investment Pte. Ltd., the company’s wholly-owned subsidiary in Singapore whilst the remaining 10% shares are held by PT Memiontec Indonesia.

The incorporation was funded through internal resources of the group with no expected material impact on the net tangible assets per share and earnings per share of the company and its subsidiary for the financial year ending 31 December 2024.

Join Singapore Business Review community

Follow the link s for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.