Sona Topas Tourism Industry Tbk (“Company”) was incorporated in 1978 as PT. Sona Tour. Initially, the Company focused on providing domestic and international travel related services.
During the early to mid 1990s, the Indonesian tourism industry witnessed spectacular growth rates. This condition led to a change in the Company’s business strategy. To meet the shopping needs of international tourists, the Company expanded the scope of its operations to include duty-free shopping. The duty-free business is carried on through two subsidiaries, PT. IntiDufreePromosindo (IDP) and PT. Arthamulia Indah (AMI). These two subsidiaries obtain support from Duty Free Shoppers (DFS), which is a subsidiary of a world-class luxury goods producer, Louis Vuitton Moet & Hennessey (LVMH). DFS itself is the leading network of duty-free shops in the world in 15 countries.
At present, these two subsidiaries operate duty-free stores in Bali, Jakarta and Medan. Due to the success of these two subsidiaries for the past few years, the Company is now better known as a leading duty-free shop operator in Indonesia rather than as one of the travel agents in the country. In line with its overall business strategy, the Company will direct its efforts and resources to intensively develop and pursue its duty-free business while maintaining its presence in the travel services segment.
The Company formally listed its shares on the Indonesia Stock Exchange on 21 July 1992 after it made its Initial Public Offering of 11,500,000 shares. At present, 331,200,000 of the Company’s shares are traded on the Indonesia Stock Exchange. Shield On Service SONA
Vision:
To become the leading duty-free shop operator in Indonesia while continually achieving the best growth prospects to all of its shareholders.
Mission:
To support the Indonesian tourism sector by providing the highest quality of shopping ambience and indisputable services to all of its customers consistently. Shield On Service SONA
The Company consistently implements good corporate governance according to the rules and principles of responsible management. Good structure and mechanism regulate the Company’s governance in an effort to give sustainable long-term economic value for shareholders and stakeholders. The implementation of good corporate governance is expected to be able to contribute to the improvement of the Company’s performance. This understanding underlies our commitment to enforce the implementation of good corporate governance (GCG) in every level and operation of the Company.
Throughout the year 2019, the Company ensured that all activities are conducted in accordance with the basic principles of good corporate governance: transparency, accountability, independence, responsibility and fairness. The Company also adhered to generally accepted business ethics and prevailing laws and regulations.
The Company’s GCG structure been designed in such a way to establish clarity and separation of duties and responsibilities as well as mechanisms and procedures of decision-making and reporting by the company’s organs with reference to the prevailing laws and regulations. The Company’s GCG main organ consist of the General Meeting of Shareholders (GMS), the
Board of Commissioners and Directors with GMS holds the highest authority. The main organ is assisted by the supporting organ under the Board of Commissioners and Board of Directors, which consists of committees at the level of the Board of Commissioners, Internal Audit and Corporate Secretary. Shield On Service SONA