JAKARTA - PT Trinity Healthcare (THC) as the controlling shareholder of DNR Corporation will include (inbreng) in the form of THC ownership shares in DNR Corporation into PT Zebra Nusantara Tbk (ZBRA), so that later DNR Corporation will become part of ZBRA. This will certainly change the face of ZBRA's business from a company engaged in taxi transportation to a company that provides an integrated end-to-end supply chain.

Based on the Disclosure of Information data, DNR Corporation itself is a company established since 1963, which initially had business activities engaged in wholesale trading of food and other beverages, wholesale trading of laboratory equipment, pharmaceuticals and medicine, wholesale trading of pharmaceuticals, wholesale trading of cosmetics, wholesale trading of traditional medicines and distribution. However, over time, DNR Corporation was able to develop the concept of integrated end-to-end supply chain solutions to answer the challenges of meeting the needs of the community through its five subsidiaries known as MTG, DNR Distribusi, iStore iSend Indonesia, DPORT, and BIG. These five core business subsidiaries of DNR Corporation will become the core business of ZBRA in running and developing its business.

DNR Corporation's systems, networks and infrastructure spread from Aceh to Merauke plus professional human resources are the advantages of DNR Corporation, which have been tested considering the existence of DNR Corporation which has been running its business for around 58 years.

Another important concern, especially for investors, is the financial reporting between ZBRA and DNR Corporation. Launching the financial statements of the two companies, in 2019, ZBRA recorded a revenue of approximately 15.7 billion Rupiah and in 2020, ZBRA's net operating income (revenue) that was successfully recorded decreased from the previous year with a value of approximately 14.7 billion Rupiah. This figure is what makes ZBRA's performance in the Indonesian stock exchange market give rise to the term "negative equity", but keep in mind that the "negative equity" in question occurred when ZBRA was still running a taxi transportation business.

The Board of Commissioners and Board of Directors of the new ZBRA management after the 2021 AGM (Source: DNR)

As for DNR Corporation's financial statements throughout 2020, DNR Corporation managed to increase this value with a gross turnover of approximately 4.3 Trillion Rupiah and revenue of approximately 3.8 Trillion Rupiah. This clearly raises confidence and optimism for DNR Corporation's future business, especially in the midst of the current COVID-19 pandemic situation.

Seeing DNR Corporation's financial statements which continue to show an increase plus the equity value owned by DNR Corporation, which is around 1.1 Trillion Rupiah and an asset value of around 2.7 Trillion Rupiah, is the initial capital for ZBRA under new management to consolidate ZBRA's company financial statements with DNR's financial statements, so that this will have a positive effect on the company and change the performance of ZBRA listed on the stock market so far from "negative equity" to "positive equity".