PT Delta Dunia Makmur Tbk. (the “Company”) or more commonly referred to as Delta Dunia is a publicly listed company established under the laws of the Republic of Indonesia and domiciled in Jakarta. The Company’s shares have been listed on the Jakarta Stock Exchange (currently Indonesia Stock Exchange) (“IDX”) since June 15, 2001 with the trading code DOID (DOID.JK).
As a holding company, the Company has an operational subsidiary, PT Bukit Makmur Mandiri Utama (“BUMA”), which is one of the largest coal-mining contractors in Indonesia by production volume. While its other two subsidiaries, namely PT Banyubiru Sakti (“BBS”) and PT Pulau Mutiara Persada (“PMP”) are non-active entities previously holding coal exploration permits.
As a publicly-listed company, around 38% of its shares are currently owned by Northstar Tambang Persada, Ltd., a consortium of investors consisting of affiliates or nominated investment vehicles of TPG Capital (TPG), Government of Singapore Investment Corporation Pte. Ltd. (GIC), China Investment Corporation (CIC), and Northstar Equity Partners (Northstar). The remaining 62% are held by public shareholders.
The Company is committed to excellence in all aspects of its business in order to create value for its shareholders and stakeholders.
The Company was originally established on November 26, 1990 under the name of PT Daeyu Poleko Indonesia. Since then the Company has undergone several name changes over the years, and lastly, was named PT Delta Dunia Makmur Tbk. in 2009.
At the beginning of its establishment, the Company was engaged in export-oriented textile business, manufacturing various types of rayon, cotton and polyester threads. The Company then changed its business strategy by selling its textile manufacturing in February 2008 and transformed its business by focusing on the development of commercial and industrial property in Indonesia.
In November 2009, the Company acquired 99.9% shares of BUMA and subsequently, divested its property business. Since then, the Company’s main business has been focused on coal mining contractor services.
The Company, through its subsidiary, aims to be a leader in the provision of total mining services in order to create optimum value for its shareholders and stakeholders.