Based on the Capital Market Supervisory Agency (BAPEPAM) Letter No. S-1287/PM/1996 dated August 13, 1996, the Company obtained the effective statement for the initial public offering of its shares to the public involving 34,400,000 new shares, withpar value of Rp. 500 (full amount) per share at an offering price of Rp. 1,700 (full amount) per share.
All of theshares have been listed at the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) (currently Indonesia Stock Exchange (IDX)) on September 9, 1996. In 1997, based on Shareholders’ Extraordinary General Meeting (EGM) held on November 11, 1997, the Company issued bonus shares totaling Rp. 41,184 or 82,368,000 shares with a par value of Rp. 500 (full amount) per share, which was deducted from the additional paid-in capital.
During the EGM held on August 12, 1999, the shareholders approved the issuance of bonus shares totaling Rp. 31,483, consisting of 62,965,760 shares with a par value of Rp500 (full amount) per share, which was deducted from the revaluation increment in property, plant and equipment.
On June 27, 2000, the Company obtained its effective statement from BAPEPAM to offer debt securities (bonds payable) to the public with nominal value of Rp. 100,000,000,000, which were listed at the SSX on July 31, 2000. On July 17, 2005, the Company had fully paid the debt securities (bonds payable).
At EGM 2003, the shareholders approved the stock split in the Company's share par value (stock split) from Rp. 500 (full amount) per share to Rp. 100 (full amount) per share and authorized the board of directors to schedule the stock split. The stock split was executed through PT Kustodian Sentral Efek Indonesia (KSEI), with the recording date on July 10, 2003 and the shares distribution on July 11, 2003. After the stock splits, total issued and paid-in shares of the Company is 1,298,668,800 shares.
In relation to the merger transaction of the Company and PT Andhi Chandra Automotive Products Tbk, a subsidiary, which became effective on November 28, 2006, the Company issued 141,000,060 new shares with par value Rp. 100 (full amount) per share. The Company’s shares have been listed at the IDX on January 2, 2007.
On June 30, 2010, the Company obtained its effective statement from BAPEPAM-LK based on the Letter No. S-5907/BL/2010 in relation to Public Offering of Bonds Selamat Sempurna II Year 2010 with Fixed Interest Rates (Bonds SMSM02) with nominal value of Rp. 240,000,000,000 . These Bonds SMSM02 are series bonds consisting of Series A (SMSM02A) with nominal value of Rp. 80,000,000,000, term of bonds payable of 370 days and a fixed interest rate of 8.9% per annum, Series B (SMSM02B) with nominal value of Rp. 80,000,000,000, term of bonds payable of 3 years and a fixed interest rate of 10.3% per annum and Series C (SMSM02C) with nominal value of Rp. 80,000,000,000, term of bonds payable of 5 years and a fixed interest rate of 10.8% per annum. The Bonds SMSM02 have been listed at the IDX on July 9, 2010.
At EGM 2016 held on October 18, 2016, the shareholders approved the stock split in the Company's share par value (stock split) from Rp. 100 (full amount) per share to Rp. 25 (full amount) per share and authorized the board of directors to schedule the stock split. After the stock splits, total issued and paid-in shares of the Company is 5.758.675.440 shares.
As a part of continuous efforts and in order to increase future corporate value for stakeholders, the Boards of Commissioners and Board of Directors of the Company and PT Selamat Sempana Perkasa (SSP) have decided to merge SSP and the Company into one integrated entity as PT Selamat Sempurna Tbk (Surviving Company). On August 1st, 2022 the merger became effective.