Pt Akbar Indo Makmur Stimec Tbk (Indonesia)

PT Akbar Indo Makmur Stimec Tbk is a company located in Jakarta, Indonesia. It was formed through a merger between PT Akbar Indo Makmur and PT Stimec International. PT Akbar Indo Makmur was established on May 7, 1997, while PT Stimec International was established in 1957. On June 29, 2001, the company received approval from the Financial Services Authority (OJK) to conduct an Initial Public Offering (IPO) of 40,000,000 shares with a nominal value of Rp. 100 per share and an offering price of Rp. 250 per share. This increased the total number of issued and fully paid-up shares to 110,000,000 shares. The company's shares and warrants were listed on the Jakarta Stock Exchange (JSX) on July 20, 2001. It is now listed on the Indonesia Stock Exchange (IDX), which was formed through the merger of the JSX and the Surabaya Stock Exchange (BES) on December 1, 2007. Initially, the company was involved in general trading, import-export, and the distribution of pharmaceutical products and medicines. However, in 2005, it switched its focus to coal trading due to the high demand and market potential of coal as an energy source. PT Baramulti Sugih Sentosa is listed as the company's main customer. By operating in the energy sector, PT Akbar Indo Makmur Stimec Tbk aims to continuously increase its operating income, considering Indonesia's position as one of the world's main coal exporting countries. The company is officially registered to operate in the Trade, Services, and Investment business field and is classified as a wholesaler of durable and non-durable goods. It is also classified under the "Energy" industry category based on the IDX-IC Sectoral Index Stock List.