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View all search resultsMR D.I.Y Indonesia cements commitment to sustainable growth during inaugural AGMS
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O
n June 12, MR.D.I.Y Indonesia held its inaugural Annual General Meeting of Shareholders (AGMS), in which shareholders approved key decisions over the company’s 2024 net profit.
Out of the total Rp 1.07 trillion (US$65.76 million) net profit earned, shareholders approved of allocating 11.73 percent toward mandatory reserves, with the remaining 88.27 percent designated as retained earnings.
Additionally, the meeting evaluated the proceeds from MR.D.I.Y’s initial public offering (IPO) as of the Dec. 31, 2024, in compliance with OJK Regulation No. 30/POJK.04/2015.
Showcasing accountability through their responsible allocation of net profit and clear communication of their Annual Report of Fiscal Year 2024, MR.D.I.Y Indonesia is determined to maintain prudent financial management and transparency.
“With the trust placed in us at this inaugural AGMS, MR.D.I.Y. Indonesia will continue to build a solid foundation for sustainable growth.” said Edwin Cheah, president director of MR.D.I.Y Indonesia.
”Guided by financial prudence, leadership excellence and a measured expansion strategy, we are committed to delivering consistent value to our customers, partners and stakeholders.”
Moreover, the AGMS granted authority to MR.D.I.Y Indonesia’s board of commissioners in appointing an independent public accountant and audit firm with a global network, as well as a proven track record in auditing listed companies, thereby reinforcing the company’s focus toward operational scalability and strategic governance.
Full acquittal was also granted to the board of directors and board of commissioners by shareholders for their management and supervisory duties in 2024. This is best highlighted through the audited consolidated financial statements, affirming MR.D.I.Y Indonesia’s commitment to accountability and transparency.
Another key development made during the AGMS was the approval of Mr. Loh Kok Leong as commissioner, further strengthening MR.D.I.Y Indonesia’s governance structure. With 20 years of leadership experience, which includes a decorated tenure as partner and managing director at Boston Consulting Group, Mr. Loh brings vast insight in transformation, strategy and business scaling within the context of Southeast Asia.
“His extensive experience in transformation and strategic growth across the region will enhance our oversight capabilities and support a balanced, forward-looking approach to long-term expansion and value creation for all stakeholders,” said Edwin.
