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In the public disclosure of the fourth quarter of 2020, Emtek Group (Emtek) revealed that it is no longer the controlling shareholder of PT Elang Andalan Nusantara (EAN). Currently, Emtek only owns 49% of EAN's shares, down from 55% in the previous quarter.
PT Creative Media Karya (KMK), a subsidiary of Emtek, has sold 6% of EAN's shares to an unnamed third party, on December 30, 2020 for IDR76 billion.
Therefore, the EAN information and its subsidiaries, including DANA and Doku, will no longer be included in Emtek's financial reports. Previously, DANA-related information is accessible for the public, including DANA user funds and total assets.
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