PPA Cements its Move to Becoming a Holding Company in 2022

Jakarta – PT. Putera Perkasa Abadi has officially become a holding company that will go on to oversee 5 subsidiaries: Antareja Mahada Makmur (AMM), Finance, Dealer, Education and Owner.

PPA made good use of the start of 2022 by becoming a holding company through expansion into a range of fields — not only mining, but reaching into Education, Finance, shareholding (owner) and even the dealer sector. The aim of establishing PPA as a holding company is to integrate the products of its subsidiaries and to raise market value so that it becomes better known to the wider public.

"Kami berharap dengan adanya PPA sebagai holding company ini mampu memperkuat keuangan, aset, dan prospek bisnis perusahaan, serta bisa memberikan pelayanan yang lebih luas lagi kepada masyarakat", said Christianto Setyo, PPA President Director.

A holding company is the principal company that leads a group of companies. As PPA is the leader of the group, PPA will be responsible for the planning, coordination and control of its subsidiaries.

PPA President Director Christianto Setyo added, "setelah menjadi holding, program-progam PPA yang bersifat strategis nantinya akan dijalankan oleh fungsi holding. Sementara anak perusahaan nantinya akan memiliki fokus kepada aktivitas produksi. "

Confirming PPA as a holding company with subsidiaries spanning diverse fields will certainly not create an imbalance of focus within it, because the formulation for becoming a holding company was thought through carefully and with maximum preparation, so that it is expected to deliver more productive company performance with good results.