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Government Regulation Number 91 By 2013

Original Language Title: Peraturan Pemerintah Nomor 91 Tahun 2013

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SHEET COUNTRY
REPUBLIC OF INDONESIA

No. 243, 2013 BUMN. -PERSERO. Sales. State Stock. PT Means Masterpiece.

GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 91 YEAR 2013
ABOUT
REPUBLIC OF INDONESIA ' S STATE-OWNED STOCK SALES
AT THE COMPANY PERSEROAN (PERSERO) PT THE WORKS
BY THE GRACE OF THE ALMIGHTY GOD
PRESIDENT OF THE REPUBLIC OF INDONESIA,

Weigh: a.   that to improve the company's performance and value as well as to increase the benefits for the State and the community, it needs to do the sale of all shares of the State of the Republic of Indonesia on the Perseroan Company (Persero) PT Sarana Karya;
B.   That the sale of the State's entire shares has received the approval of the People's Representative Council of the Republic of Indonesia as was last poured in the letter of Vice Chairman of the House of Representatives/Koram Number: PW/10974/DPR RI/XI/2012 dated 23 November 2012;
c. that under consideration as referred to in the letter a and the letter b, and to carry out the provisions of Article 4 of the paragraph (4) of the Law No. 19 Year 2003 on the State-Owed Business Agency, need to establish the Government Regulation on Stock Sales of the State of the Republic of Indonesia on the Company of Perseroan (Persero) PT Sarana Karya;

Remembering: 1.   Article 5 of the paragraph (2) of the Basic Law of the Republic of Indonesia in 1945;
2. Act No. 19 of 2003 on the State Governing Body (Indonesian Republic of Indonesia Year 2003 Number 70, Additional Gazette of the Republic of Indonesia Number 4297);
3. Government Regulation No. 33 Year 2005 on the Privatization System of Perseroan Companies (Persero) (sheet of State of the Republic of Indonesia 2005 No. 79, Additional Gazette Republic of Indonesia Number 4528) as amended by Government Regulation No. 59 of 2009 on Changes to Government Regulation No. 33 Year 2005 on the Privatization Method of Perseroan Companies (persero) (sheet Of State Of The Republic Of Indonesia In 2009 Number 136, Additional Sheet Of State Republic of Indonesia No. 5055);
4. Government Regulation No. 44 Year 2005 on the Tata Way Inclusion And Entrepreneurship Enterprises of the State-owned Enterprises and Limited Perseroan (State Sheet of the Republic of Indonesia 2005 No. 116, Additional Gazette of the Republic of Indonesia Indonesia Number 4555);

DECIDED:

SET: GOVERNMENT REGULATION ON THE SALE OF SHARES BELONGING TO THE REPUBLIC OF INDONESIA IN THE COMPANY OF PERSEROAN (PERSERO) PT MEANS BY THE WORK.

Section 1
(1) State of the Republic of Indonesia performing the sale of all shares owned by the Perseroan Company (Persero) PT Sarana Karya through the sale of shares directly in accordance with the provisions of the regulations in the area of the company Limited.
(2) The sale of the shares as referred to in paragraph (1) is conducted based on the principles of transparency, independence, accountability, accountability, and the best price principles with regard to market conditions.

Section 2
The sale of the shares as referred to in Article 1 of the paragraph (1) is conducted over all shares belonging to the State of the Republic of Indonesia on the Perseroan Company (Persero) PT Sarana Works by 5,000 (five thousand) shares or by 100% (one hundred percent).

Section 3
(1) The sale price of the shares as referred to in Article 2 is set by the Minister of State-owned Enterprises.
(2) The sale of the sales price as referred to in paragraph (1) is carried out by taking into account the value of other State rights already accepted by the Perseroan Company (Persero) PT Sarana Works of the Government's donation capital of the size of the Government of the State of the United States. Rp.7.431.982.660.00 (seven billion four hundred and thirty-one million nine hundred thousand six hundred and sixty rupiah) as recorded in the financial statements of the Company of Perseroan (Persero) PT Sarana Works by audited in 2012 which has been is authorized by the Shareholders ' General Meeting.

Section 4
(1) The proceeds of the sale of the shares as referred to in Article 3 are directly deployed to the State Kas.
(2) The results of the sale of the shares as referred to in paragraph (1) are net proceeds after being reduced at the cost of implementation of the sale of such shares.
(3) The charge of the implementation of the stock sales as referred to in paragraph (2) is set forth by the Minister of State-Owned Enterprises with regard to the principles of fairness, transparency, and accountability in accordance with the provisions of the laws.

Section 5
After the implementation of the stock sale, the Minister of State's Agency announced in writing a large number of shares and the magnitude of the shares sold to the Minister of Finance.

Section 6
At the time of the Perseroan Company (Persero) PT Sarana Karya switched status to a limited liability subject completely under Law No. 40 of 2007 on Limited Perseroan, Government Regulation No. 3 of 1984 on Disservice. The Form Of A State Asphalt Company Into A Perseroan Company (Persero) (the Republic of Indonesia Gazette of 1984 No. 3) was revoked and declared to be not applicable.

Section 7
This Government Regulation shall begin in effect on the date of the promulctest.

In order for everyone to know it, order the invitational of this Government Regulation with its placement in the State Sheet of the Republic of Indonesia.

Set in Jakarta
on December 24, 2013
PRESIDENT OF THE REPUBLIC OF INDONESIA,

-DR. H. SUSILO BAMBANG YUDHOYONO

Promulgated in Jakarta
on December 24, 2013
MINISTER FOR LAW AND HUMAN RIGHTS
REPUBLIC OF INDONESIA,

AMIR SYAMSUDIN