PT Astra International Tbk was established in 1957 in Jakarta as a general trading company under the name Astra International Inc. In 1990, for the purpose of the Company’s Initial Public Offering (IPO), the name of the Company changed to PT Astra International Tbk, followed by listing its shares on the Indonesia Stock Exchange under the ticker code ASII.

By 2016, Astra has developed its business by implementing a business model based on synergies and diversification within
seven business segments, consisting of: 1) Automotive, 2) Financial Services, 3) Heavy Equipment, Mining and Energy 4) Agribusiness, 5) Infrastructure and Logistics, 6) Information Technology and 7) Property. With a diversified business, Astra has touched various aspects of national life through its products and services. In everyday life, the people of Indonesia use motorcycles and cars, toll roads, printers, as well as financial services, banking and insurance from Astra. Business owners continue partnerships with Astra and utilize a variety of commercial vehicles, heavy equipment, logistics services, information technology systems and mining services from Astra.

Hongkong Land is a listed leading property investment, management and development group. The Group owns and manages almost 800,000 sq. m. of prime office and luxury retail property in key Asian cities, principally in Hong Kong and Singapore. Its Hong Kong Central portfolio represents some 450,000 sq. m. of prime property. It has a further 165,000 sq. m. of prestigious office space in Singapore mainly held through joint ventures, and a 50% interest in a leading office complex in Central Jakarta. The Group also has a number of high quality residential and mixed-use projects under development in cities across Greater China and Southeast Asia, including a luxury retail centre at Wangfujing in Beijing. In Singapore, its subsidiary, MCL Land, is a well-established residential developer. Hongkong Land Holdings Limited is incorporated in Bermuda and has a standard listing on the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s assets and investments are managed from Hong Kong by Hongkong Land Limited. Hongkong Land is a member of the Jardine Matheson Group.

PT Modernland Realty Tbk (Modernland) was established in 1983 under the name of PT Modernland Realty Ltd, engaged in property development of residential housing, industrial areas, warehousing and apartments; management of hotel and office buildings; panel manufacturing industry; golf-course services and management; and investment in properties, facilities and infrastructures.

With more than thirty years of experience, Modernland has established its foothold as a leading property developer in Indonesia with the Modernland brand that is recognized and attached to various leading residential, township, commercial and industrial estate projects such as Kota Modern, Modernpark, Modernhill, Jakarta Garden City, Modern Industrial Estate, Novotel Gajah Mada, Padang Golf Modern, Low cost Housing and Modern Panel Indonesia. Modernland is committed to pursue its vision in creating ideal urban and industrial developments, and its mission of providing its customers with quality homes and industrial
land; and unlocking property values through world class infrastructures and management.