Sofyan Corporation

1968 was the beginning of the new era of the corporation to venture into the property business. In those early times the corporation had already built and operated a medium class hotel with 20 rooms, a commercial building and several residential properties to be rented. Establishing a business requires prudent financial and investment scheme as the corporation’s supporting foundation. Through the years, Sofyan Corp has garnered a vast experience, while maintaining the integrity and a robust relationship with highly reputable financial and investment institutions. In line with that, in 1989, with its strategic partner in financial sector, Sofyan Corp proceeded with corporate action of Initial Public Offering (IPO) for its hotel company. In this initiative PT Sofyan Hotels Tbk.'s new shares offering achieved oversubscribed by 300%. In 1992, Sofyan Corp aligned its business orientation to be committed in responsible corporate governance guided by divine orientation, with an aim to improve