The issuer of PT Pakuwon Jati Tbk successfully won an award as The Most Innovative Property Company, Real Estate & Building Construction Sector at the IDX Channel Awards 2019, held at the Indonesia Stock Exchange Main Hall, Wednesday night, in Jakarta (14/8).

The success of Pakuwon Jati cannot be separated from various product innovations and company performance which continues to increase every year. Pakuwon Jati successfully outperformed various companies in the Property, Real Estate & Building Construction sectors by looking at Financial Performance, Good Corporate Governance (GCG), and Innovation.

The judging selection in the 2019 IDX Channel Innovation Awards was carried out on 649 companies listed on the Indonesia Stock Exchange (IDX) that have been taking place since June 2019.

For your information, PT Pakuwon Jati Tbk (PWON) is a company based in Surabaya, East Java, which is engaged in property development with a focus on construction of shopping centers and office buildings in East Java.

PWON was established on September 20, 1982 and started its commercial business activities in May 1986, when the Pakuwon office was located in Gandaria 8 Office tower.

PWON was listed on Indonesia Stock Exchange in 1989 under the development board. Based on the company's articles of association, the scope of PWON's activities is in the business sector, namely: Shopping Centers, Office Centers, Hotels and Apartments, and also Real Estate.

On August 22, 1989, PWON made an initial public offering (IPO) of PWON to the public as much as 3,000,000 with a nominal value of Rp1,000 per share at an offering price of Rp 7,200 per share.