Corporate secretary of KAEF Adi Nugroho said in Jakarta Wednesday that the minimum drug store business in Indonesia triggered the company to try the drug store business by cooperation with Malaysian companies.
"The prospects of drug store business in Malaysia are very promising as such business enterprises are rather rare, and the establishment of such enterprises there is to anticipate the ASEAN market and serve as a franchise model in Malaysia," he said following a KAEF annual shareholders general meeting.
He said that in the opening of a franchise a company will get a two percent royalty from the total sales.
"This project is actually a file project because there is no drug store in Malaysia. A drug store cost Rp3 billion," he said.
President Director of PT Kimia Farma Syamsul Arifin said the company is preparing a capital of Rp105 billion to Rp150 billion in 2011, including Rp30 billion in regular investment and Rp105 billion for business development.
He said the company is also trying to establish cooperation with a Chinese company Tian Jin King York in building an injection plant and solution hospital in Indonesia.
He said the investment for building a plant with the Chinese company reached Rp216 billion, with 65 pct of the project funding obtained in a loan, and 35 pct in equity.
"The funding will come from national and Chinese banks," he said.
In the meantime KAEF will also acquire PT Sinkona Lestari (SIL) by increasing the majority shareholding by preparing Rp20 billion to Rp25 billion.
Syamsul hoped with the acquisition quinine business in Indonesia will become one company favorable to Indonesia as a main quinine producer in the world.
"PT SIL will issue new shares and we will increase the shareholding starting this year," he said.
In the meantime, it had been decided in the KAEF annual shareholders general meeting to issue dividends of Rp27.7 billion (20 pct) of the company`s total net profit of Rp 138 billion in 2010.
"In the shareholders meeting the shareholders agreed to use 20 pct of the total net profit in 2010 to distribute as dividends amounting to Rp27.7 billion," Syamsul said, adding that with the dividends the shareholders will receive Rp5 per share.
The dividends will be paid out on July 15, 2011. (*)
Editor: Kunto Wibisono
Copyright © ANTARA 2011
