PT Pikko Land Development Tbk was established with the name of PT Roda Panggon Harapan based on notarial Deed No. 83 dated October 15, 1984 of Benny Kristianto SH, notary in Jakarta. The Articles of Association have been amended several times, most recently by the Deed No. 8 dated October 5, 2012 from notary Rudy Siswanto, SH, notary in Jakarta, regarding the change of the name and the domicile, from PT Royal Oak Development Asia Tbk to PT Pikko Land Development Tbk and from South Jakarta to Central Jakarta.
In accordance with Article 3 of the Articles of Association of the Company, the scope of activities of the Company are general trading, agency, contractor, industrial, transportation, printing, agriculture, real estate, oil and mining. Currently, the Company's main activity is in development and sale of real estate and/or unit apartment/office and also investments in shares of stocks and several properties asset such as land and building.
The Company started its commercial operations in 1995.
The Company's operational headquarter is located at Sahid Sudirman Residence, 3rd floor, Jl. Jend. Sudirman No. 86, Jakarta 10220 with phone number: (021) 5297 0288 and fax number: (021) 290 22888.
On October 22, 2001, the Company has recorded its shares in the Indonesia Stock Exchange (BEI) (formerly Jakarta Stock Exchange) by initial offering of 150.000.000 Company shares with par value of Rp 100 per share to the public at an offering price of Rp 120 per share.
In 2007, the Company performed Limited Public Offering I of publishing Rights Issue to issued 12,883,800,000 new shares with par and offering price at Rp 100 per share, which are attached 118.200.000 Series II Warrants.
On January 28, 2013, from 118.200.000 Series II Warrants, 117.328.209 have been converted to shares and
the remaining 871.791 are not traded on the Stock Exchange anymore.