Jakarta, Indonesia
Pledged :
Raised :
  • Projected Return


  • Projected Timeline

    3 Months

  • SGD $55,199.00

    Fundraising Goal
  • SGD $54,866.00

  • 0

    Days to go
This campaign has ended or not started yet.
  • PT. Atma Adhi Sarana Teknologi (“PT. ASTEK”) received a purchase order from one of the most popular Internet providers in Indonesia—PT Eka Mas Republik (“PT. EKA”).
  • The scope of the project is for PT. ASTEK to supply 2,000 units of optical network terminals (ONT) from Chinese brand Huawei, to PT. EKA.
  • PT. ASTEK has ordered the ONT units from their suppliers in China. The financing required for this project is to pay off the remaining payment to the suppliers while also covering the delivery and handling costs.
  • This is the second project submitted by PT.ASTEK to Ethis. The previous project was completed and has been paid out on time.

PT. Atma Adhisarana Teknologi (“PT. ASTEK”) is involved in the telecommunication infrastructure industry, more specifically in fiber optics.

Their track record and expertise back ASTEK’s reputation as a reliable and trusted company in providing fiber optic networks to customers as the company was founded by a group of experts who have more than ten years of experience in implementing telecommunication infrastructure networks.

The company currently serves several high-profile corporate customers, managing and maintaining their end-to-end network services.

ASTEK is committed to providing reliable, affordable, and innovative network designs without boundaries (seamless innovation). They are supported by a team of highly experienced individuals, guaranteed partners/suppliers, as well as technical support who are experienced in the service and maintenance of infrastructure network to support IT/telecommunication network operations.

Established in 2010, PT. Eka Mas Republik (“PT.EKA”) is an interactive multimedia broadband company offering a wide range of entertainment, information and communications services through a few brands, including MyRepublic.

Launched in 2012 in Singapore, MyRepublic is a communications services provider and is the world’s first telecommunications company powered by a proprietary cloud platform. It operates in the Asia-Pacific region, with operations in Singapore, Australia and New Zealand, and Indonesia.

Its Indonesian operations began in 2015 as an Internet company that runs fiber optic cable technology (FTTH). The Indonesian business currently has networks in 12 major Indonesian cities, namely; Jakarta, Bogor, Depok, Tangerang, Bekasi, Cibubur, Bandung, Semarang, Surabaya, Malang, Medan and Palembang.

Adhi Putra Permana
  • President Director of PT. ASTEK
  • Adhi’s technical expertise comes from his stints at many large telco providers, where he served multiple roles, but predominantly as an engineer.
  • His previous job was as the Head of Network Operations at a publicly-listed company, PT Solusi Tunas Pratama, TBK.
  • A personal guarantee from the director of PT. ASTEK
  • Access to PT. ASTEK’s bank account with a post-dated cheque


Investments made in other currencies will be converted to Indonesia Rupiah (IDR) for project use. Investors may incur fx (currency) losses if there is a depreciation in the IDR to their own currency.

Mitigation Measure:

There is no fx guarantee or currency hedging done for investors. A higher projected ROI has been agreed upon with the project company to account for this risk.


PT. ASTEK suppliers are in China. There is a risk that the delivery process will be late due to Eid holidays and it will affect the invoice and payment process.

Mitigation Measure:

The delivery process from China to Jakarta will take 30 days. The invoicing and payment process will be concluded within 30 days after the items are received by MyRepublic. Ethis has added a one-month buffer to mitigate any delay; giving the project a total tenure of 3 months.

Investors will appoint PT. SMB, a sister company of Ethis, to enter into a Musharakah partnership with PT. ASTEK. The purpose of this Musharakah partnership is to allow PT. ASTEK to receive funding necessary for the accomplishment of the purchase order from PT Eka Mas Republik.

PT. ASTEK will issue the invoice to PT. EKA after the order is completed. PT. EKA will make the payments to PT. ASTEK’s bank account to which Ethis will be given access.

Upon receiving the payment, PT. ASTEK will pay the investors their capital and profit (if any) and the Musharakah partnership will be dissolved.


This investment opportunity is based on a
first come first serve basis. Your investment is secured only after your transfer-proof has been received. A pledge is merely an interest to invest and does not guarantee you a slot in this investment.


This campaign facts and the content herein do not constitute as any financial advice, or solicitation for the purposes of making financial investments in Indonesia or other territories. Ethis.co is a platform specialising in the match-making of opportunities to those who register themselves as members on the Ethis platform. With regards to these opportunities, the need and onus to do due diligence lies squarely with our members as we do not profess to advise on the same. All dealings and transactions are directly with the businesses, project owners or authorised agents we refer to our members.


In the event of non-performance or default by the project owner, Ethis will initiate a recovery process and handle the initial administrative steps. Should there be a need to pursue further action, investors will need to agree to and bear any additional costs incurred.

Invest SGD 20,000 or more in this project and enjoy higher net returns

Commit USD 100,000 or more in 3-5 projects and get access to exclusive deals and exciting discounts