SHEET COUNTRY
REPUBLIC OF INDONESIA
GOVERNMENT REGULATION OF THE REPUBLIC OF INDONESIA
Number 79, 2001
ABOUT
REPUBLIC OF INDONESIA ' S STATE-OWNED STOCK SALES
ON PT SOCFIN INDONESIA
PRESIDENT OF THE REPUBLIC OF INDONESIA,
.,, weighed: a. that in order to increase the acceptance of the State, it is deemed necessary to undertake the sale of the state-owned shares of the Republic of Indonesia on PT Socfin Indonesia;
., b. that the sale of the State owned shares, needs to be set with the Government Regulation;
.,, Given: 1. Section 5 of the paragraph (2) of the Basic Law of 1945 as amended by the Third Amendment of the Basic Law of 1945;
., 2. Law Number 9 of the Year 1969 on the Decree of Government Regulation Substitute No. 1 of 1969 on the Forms of State Enterprises (sheet of State of the Republic of Indonesia in 1969 Number 16, Additional Gazette number 2890) to Law (Sheet State Of The Republic Of Indonesia 1969 Number 40, Addition Of State Sheet Number 2904);
., 3. Law No. 1 of 1995 on the Limited Perseroan (State Sheet of the Republic of Indonesia in 1995 Number 13, Additional Gazette of State 3587);
., 4. Law Number 20 Of 1997 On The Acceptance Of The State Not Taxes (State Sheet Of The Republic Of Indonesia In 1997 Number 43, Additional Sheet Of State Number 3687);
. .5. Government Regulation No. 12 of 1998 on the Company Perseroan (PERSERO) (State Gazette Indonesia Year 1998 Number 15, Additional Gazette State number 3731) as amended by Government Regulation No. 45 of 2001 (Sheet State Of The Republic Of Indoneisa In 2001 Number 168, Additional State Sheet Number 4101);
., 6. Government Regulation Number 64 of 2001 on Failover, Duty and Authority of Finance Minister in Perseroan Company (PERSERO), General Company (PERUM) and JOffice Company (PERJAN) To State Minister of State-Owed Enterprises (State of the Republic of Indonesia in 2001 Number 117, Additional Gazette State Number 4137);
DECIDED:
.,, Setting: GOVERNMENT REGULATION ON THE SALE OF SHARES BELONGING TO THE Indonesian REPUBLIC OF INDONESIA IN PT SOCFIN INDONESIA.
BAB I
STOCK SALES
Section 1
.,, (1) The State of the Republic of Indonesia conducts a partial sale of its shares in PT Socfin Indonesia to its strategic partner.
.,, (2) The sale of the shares as referred to in paragraph (1), is done with regard to the principle of the best price offering.
Section 2
The stock sales result as referred to in Section 1 is directly deployed to the State Kas after minus all costs associated with the sale, in accordance with the provisions of the applicable law.
Section 3
.,, (1) The shares sold as referred to in Article 1 of up to 40% (forty percent).
.,, (2) Banythereof shares and the magnitude of the value of the shares to be sold are set by the State Minister of State-owned Enterprises.
.,, (3) State ' s State Minister of Enterprises reported a large number of shares and the magnitude of the value of the shares sold to the Minister of Finance after the implementation of the sale of the shares.
BAB II
IMPLEMENTATION OF THE SALE OF SHARES
Section 4
The implementation of the sale of the State of the Republic of Indonesia as referred to in Article 1 is conducted under the provisions of Act No. 1 of 1995, with regard to the provisions set forth in Government Regulation No. 12 of the Year. 1998 as amended with the Government Regulation No. 45 of 2001 and Government Regulation No. 64 of 2001, as well as other applicable laws.
BAB III
CLOSING PROVISIONS
Section 5
The further provisions required for the implementation of the Regulation of the Government are governed by the Minister of Finance and the State Minister of the State of the State of the State of either sing-ourselves and together in accordance with their respective duties and authority.
Section 6
This Government Regulation shall come into 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 7, 2001
PRESIDENT OF THE REPUBLIC OF INDONESIA,
MEGAWATI SOEKARNOPUTRI
Promulgated in Jakarta
on December 7, 2001
STATE SECRETARY OF THE REPUBLIC OF INDONESIA,
BAMBANG KESOWO
