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Ometraco Corp as the bank had been a ness in real estate, agribusiness and twins Gabriella and Raffaela, and Mikael.
major funding source for Ometraco food. Farida and the four children are the ben-
group companies, and those companies eficiaries of Scuderia Trust, which holds
became debtors of IBRA after Bank Tiara Family Members a majority stake in Japfa Ltd, according
was taken over by the government. In to Japfas July 2014 IPO prospectus,
addition to its liabilities to the govern- Ferry Teguh Santosas three children are which lists Handojo as settlor of the
ment, Ometraco Corp also faced action all married to the members of the Gozali trust. Handojo is president director of
by private creditors. Its foreign and local family. Eldest daughter Mieke is married Japfa Comfeed Indonesia and executive
creditors filed a bankruptcy claim to Hendrick Kolonas, who is a nephew of deputy chairman of Japfa Ltd. The family
against the company in the Central Ja- Itjih Nursalim. Mieke holds senior posi- controls its stake through a complex
karta District Court in September 1998. tions at group companies and is involved structure of trusts, and Handojo is inter-
Ometraco had about USD 100m debt to in philanthropic activities. Hendrick is ested in a majority stake in Japfa Ltd
foreign and local creditors, including the the vice president commissioner of Japfa despite not being a beneficiary of
American Express Bank, the Overseas Comfeed Indonesia and the founder of Scuderia Trust, according to the IPO pro-
Chinese Banking Corp, the Union de venture capital firm Celebes Artha Ventu- spectus.
Banques Arabes et Fracaises, the Export ra. Hendrick is also a non-executive di-
Import Bank of Indonesia and Royal rector of SGX-listed holding company Business
Bank of Canada, according to the Indo- Japfa Ltd, in which he holds a significant
nesian Commercial Newsletter. interest through Capital Two Trust, ac- The Santosa familys core animal-feed
cording to Japfas July 2014 IPO pro- business is consolidated under Japfa
However, Ometraco Corp was not placed spectus. Hendrick and Mieke have three Comfeed Indonesia. The companys
into bankruptcy until 2000, after it de- children: Aldrian Irvan, Marcellina Clau- Singaopre-based holding company, Japfa
clared itself bankrupt in April and regis- dia and Rachel Anastasia Kolonas. Ltd (formerly Japfa Holdings Pte Ltd), is
tered a notice for self-liquidation, accord- Mieke and the three children are benefi- planning an IPO in August 2014. Japfa
ing to a Reuters report. Following ciaries of Capital Two Trust. The prospec- Comfeed subsidiary AustAsia is a China
Ometracos bankruptcy filing, it was tus names Rachel Anastasia Kolonas as and Indonesia-focused dairy producer.
granted a 51-day delay by the court, the settlor of Capital Two Trust. AustAsia, which markets its milk under
which led to a settlement with a group of the Greenfields brand in Southeast Asia,
creditors. However, IBRA refused to join Hendricks brother Boyke Gozali is mar- is 61.90% owned by Handojo Santosa
the settlement. It filed its own bankrupt- ried to Miekes sister Tati. Boyke and Tati and the remainder by Cargill subsidiary
cy filing, which if approved would have have three children: Amelia, Harris and Black River Asset Management, accord-
allowed it to choose the receiver. Howev- Charlina Gozali. Boyke is vice president ing to the Japfa Ltd IPO prospectus.
er, IBRAs petition was ultimately reject- director of Plaza Indonesia Realty and AustAsia supplies raw milk to Nestle in
ed by the Supreme Court in 2000, on the vice president commissioner of IDX- China and former JV partner Mengniu,
grounds that Ometraco could not be de- listed, Gozali family-controlled retail com- and plans to sell its own branded milk in
clared bankrupt twice. pany Mitra Adiperkasa. Amelia Gozali China. While its main focus is in agribusi-
holds a large minority stake in IDX-listed ness, Japfa Comfeed also has invest-
Japfa Comfeed Indonesia, the IDX-listed Indonesian Paradise Property, of which ments in real estate through subsidiaries
animal feed arm of Ometraco Corp, sur- she is also vice president commissioner. Japfa Indoland and Jakamitra Indonesia.
vived the bankruptcy and is currently one Although the Santosa family co-founded
of the largest companies in the South- Handojo Santosa is married to Farida Plaza Indonesia Realty, their present
east Asian animal feed industry. Current- Gustimego, the daughter of Itjih shareholdings are unclear. Boyke Gozali
ly led by Ferry Teguhs son Handojo, Jap- Nursalims brother Gustimego. Handojo is vice president director and COO. One
fa has in recent years expanded its busi- and Farida have four children: Renaldo, of the major shareholders in Plaza Indo-
nesia Realty, Nexus Solutions, appears drunk driving in the UK. In January 2009, obtaining a Singapore license.
linked to the Gozali familys Indonesian he was fined GBP 5,000, required to
Paradise Property via its directors. bear costs and surcharges of GBP 265, Forex Program Investigation
and disqualified from driving for 28
Handojo Santosa Drunk Driving Cases months. Santosa's lawyer argued that his According to Japfa Ltds July 2014 IPO
client had been unable to understand a prospectus, two executives of Japfa Com-
According to Japfa Ltds July 2014 IPO police warning in English that failure to feed Indonesia were investigated by the
prospectus, Handojo Santosa has been take a breath test could lead to prosecu- Indonesian police for the alleged misuse
charged in several traffic violation cases. tion. The court dismissed this argument of foreign exchange subsidies granted by
In 2006, he was charged and fined for on the grounds that Santosa conducts the Indonesian government for the poul-
drunk driving in Queensland, Australia business in English. Santosa was repre- try industry. Indonesian authorities al-
and disqualified from holding a Queens- sented by a lawyer hired by Freeman and leged that Japfa purchased soy bean
land drivers license for 3 months. In the Co, a firm with a history of helping celeb- meal used for its poultry feed at a differ-
same year, Handojo was also charged for rities escape motor vehicle-related con- ent exchange rate from the fixed rate set
driving a motor vehicle without a drivers victions, according to a 5 February 2009 under the government program, and that
license and was fined AUD 1,800 and report in The Telegraph. Japfa sold the feed at a higher price than
disqualified from holding a Queensland the agreement. Japfa published an an-
drivers license for two years, at first in- As of July 2014, Handojo was facing nouncement in Bisnis Indonesia and the
stance. He appealed the penalty as he pending traffic-related charges in Singa- Jakarta Post in March 2004, denying the
held a valid foreign driving license at the pore for driving without a valid Singapore allegations. The police investigation was
time of the alleged offense. The appeal driving license and for driving without suspended in June 2005, and cleared
was successful, and the first instance valid third-party insurance. Handojo had Japfa and the two employees from any
decision was set aside. at the time held a valid Indonesian driv- charges.
In 2008, Handojo was charged with ing license and was in the process of
INDIVIDUALS
NAME NOTES
Ferry Teguh Santosa Founder of Ometraco Group; co-founded PT Plaza Indonesia Realty Tbk with Eka Tjipta Widjaja and
Bambang Trihatmodjo
Handojo Santosa Son of Ferry Teguh Santosa; President Director of PT Japfa Comfeed Indonesia Tbk; son-in-law of
Gustimego, the brother of Itjih Nursalim
Hendrick Kolonas Husband of Mieke Kolonas; Itjih Nursalim's nephew; CEO and President Commissioner of PT Celebes
Artha Ventura; Vice President Commissioner of PT Japfa Comfeed Indonesia Tbk
F.X. Boyke Gozali Husband of Tati Gozali; VP Director & COO of PT Plaza Indonesia Realty Tbk; VP Commissioner of PT
Mitra Adiperkasa Tbk; brother of Hendrick Kolonas
Mieke Kolonas Daughter of Ferry Teguh Santosa; holds positions at group companies; involved in various charities
Farida Gustimego Santosa Wife of Handojo Santosa; daughter of Itjih Nursalim's brother Gustimego; beneficiary of the Scuderia
Trust
Aldrian Irvan Kolonas Son of Hendrick and Mieke Kolonas; founder and CEO of Vasham Kosa Sejahtera; CIO of Celebes Ar-
tha Ventura
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For sales enquires contact Christophe Barel (+852 9613 6535; christophe.barel@capitalprofile.com) 3
Santosa Family
NAME NOTES
Amelia Gozali Daughter of Boyke and Tati Gozali; vice president commissioner of Indonesian Paradise Property
Rachel Anastasia Kolonas Daughter of Hendrick and Mieke Kolonas; settlor of the Capital Two Trust
Renaldo Santosa Son of Handojo and Farida Gustimego Santosa; beneficiary of the Scuderia Trust
AFFILIATIONS
AFFILIATION NOTES
Goh Geok Khim Goh Geok Khim is the founder of Singapore-based investment company G.K. Goh Holdings. Goh is a
non-executive independent chairman of Japfa Ltd, according to its July 2014 IPO prospectus. Ometra-
co Group and G.K. Goh Holdings previously partnered to establish Indonesian joint venture PT G.K.
Goh Ometraco, according to a Straits Times report in 1990. The JV was later acquired by Malaysia-
based CIMB Bhd and merged with its Indonesian subsidiary CIMB Niaga Securities, the Jakarta Post
reported in 2005.
Gozali Family The Santosa family and the Gozali family are connected through marriage. Brothers Hendrick Kolonas
and Boyke Gozali are married to the daughters of Ferry Teguh Santosa. Handojo Santosa is married to
Farida Gustimego, the cousin of Hendrick and Boyke.
Nursalim Family Handojo Santosa and both of his sisters are married to members of the Gozali family who are nieces
and nephews of Itjih Nursalim. Itjih is the wife of Gajah Tunggal Group founder Sjamsul Nursalim.
Peter Djatmiko Peter Djatmiko is a cousin of Handojo Santosa. He has been a senior executive in Ometraco Group's
electronic manufacturing arm, and COO of the telecom division of Rajawali Group.
Peter Sondakh Peter Sondakh controls Rajawali Corp, which main holding company Danaswara Utama is a co-founder
of Plaza Indonesia Realty (formerly Bimantara Eka Santosa) along with Ometraco Group. At the time of
its founding, Bimantara Group owned 40% and Danaswara Utama owned 10%, while Ometraco Group
and Sinar Mas Group held 25% each. Sondakh also partnered with Boyke Gozali, the son-in-law of
Ometraco founder Ferry Teguh Santosa, in establishing joint venture Rajawali Wira Bhakti Utama,
which acquired a majority stake in cigarette maker Bentoel in 1991.
Suharto Family Bambang Trihatmodjo is the son of former president Suharto and the founder of Bimantara Group.
Bimantara Group is one of the co-founders of Plaza Indonesia Realty (formerly Bimantara Eka Santo-
sa) along with the Ometraco Group. At the time of its founding, Bimantara Group owned 40% and
Danaswara Utama (controlled by Peter Sondakh) owned 10%, while Ometraco Group and Sinar Mas
Group held 25% each.
Syamsir Siregar Syamsir Siregar is a retired army general and former head of Indonesia's National Intelligence Agency.
He is the president commissioner of Japfa Comfeed Indonesia as of 2014.
Tan Yong Nang Tan Yong Nang is a director of Japfa Ltd and Japfa Comfeed Indonesia since 2008. He holds a minori-
ty stake in Japfa Ltd, according to its 2014 IPO prospectus.
Widjaja Family The Widjaja family controls the Sinar Mas Group, which was a co-founder of Plaza Indonesia Realty
(formerly Bimantara Eka Santosa) along with the Ometraco Group, Peter Sondakh's Danaswara Uta-
ma, and Bimantara Group (controlled by Suharto's son Bambang Trihatmodjo). At the time of its found-
ing, Bimantara Group owned 40% and Danaswara Utama owned 10%, while Ometraco Group and
Sinar Mas Group held 25% each.
2014 Mergermarket Limited. All rights reserved.
For sales enquires contact Christophe Barel (+852 9613 6535; christophe.barel@capitalprofile.com) 4
Santosa Family
DATE HEADLINE
2014-08-01 Japfa closing USD 174m IPO one day early - Capital Profile
2014-07-25 Japfa Comfeed plans to present audited results for 1H14 next month
2014-07-02 Japfa Comfeed plans USD 100m Singapore spin-off - Capital Profile
2014-06-16 AustAsia plans expansion of milk production in Indonesia and China, and of branded product sales
2014-04-30 Japfa Comfeed rating unaffected as Indonesian poultry limits Likely to be temporary - Fitch
DATE HEADLINE
2013-04-25 Bond Issuance - Japfa Comfeed Indonesia Tbk PT (Deal value: USD 225m)
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