Indomobil is our 52.35% subsidiary and is the second-largest automotive distributor in Indonesia. Indomobil is an integrated automotive business group and its business include brand holding sole agency, vehicle sales distribution, after sales service, vehicle ownership financing, spare part distribution under the "house-brand" - IndoParts, vehicle assembly, automotive parts, component manufacturing and other related supporting services. The brands that Indomobil manages include Audi, Foton, Hino, Kalmar, Manitou, Nissan, Renault, Renault Trucks, Suzuki, Volkswagen, Volvo, Volvo Trucks and Mack Trucks.

The economic outlook for the automotive industry in Indonesia remains positive and growth potential tremendous. With this acquisition, it will result in the Group becoming an even more substantial and diversified conglomerate, with core businesses extending to the automotive business. With this acquisition it will position the Group to further tap on the growing Indonesian economy, in particular the Indonesian middle-class sector.



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