PT Bukaka Minyu Industry was established in 2016 based on Notarial Deed of Andy Azis, S.H., No. 15 dated October 20, 2016 and has obtained approval from the Minister of Law and Human Rights of the Republic of Indonesia through the Decree of the Minister of Law and Human Rights of the Republic of Indonesia No. AHU-0047025.AH.01.01 of 2016 dated October 24, 2016. It is a joint venture between the Company and Minyu Machinery Corp., a Taiwanese company engaged in the industrial and trade business sector including the manufacture of machinery and equipment for mining, excavation and construction activities.
The composition of the Board of Commissioners and Board of Directors of the company as of December 31, 2023 is as follows:
| BOARD OF COMMISSIONERS: | |
| President Commissioner | : Irsal Kamarudin |
| Commissioner | : Cheng Ming Yih |
| BOARD OF DIRECTORS: | |
| President Director | : William HW. Cheng |
| Director | : Sofiah Balfas |