Jakarta, Indonesia
Pledged :
Raised :
  • Projected Return


  • Projected Timeline

    3 Months

  • Fundraising Goal

    SGD $40,388.00

  • Raised

    SGD $40,412.00

  • Time Remaining

    0 day(s) to go

This campaign is fully funded.

About the campaign creator

Jakarta, Indonesia
65 Campaigns | 0 Loved campaigns

Contact Info

Social Link


    • 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 ONT – Huawei brand specified, to PT. EKA.

    • PT. ASTEK has ordered the ONT units with 30% down payment paid to their suppliers in China. The financing required is to pay off the remaining payment to fulfil the purchase order.

    • The ONT units are expected to be delivered before Chinese New Year.


Atma Adhisarana Teknologi (“PT. ASTEK”) was founded in 2020, is a company engaged in the provision of Telecommunication Infrastructure Networks, especially Fiber Optic Networks. Founded by experts in their fields, with more than 10 years of experience implementing Telecommunication Infrastructure networks, PT. ASTEK has become a reliable and trusted company in providing Fiber Optic Networks to customers.

ASTEK currently has several Corporate customers who are being handled for network maintenance and management of End To End Network services. ASTEK is committed to customers to provide reliable, Affordable, and innovative network designs without boundaries (Seamless Innovation). They are supported by highly experienced individuals, guaranteed partners / suppliers, technical support who are experienced in the service and maintenance of infrastructure network to support IT / telecommunication network operations.

PT. Eka Mas Republik has a brand name called MyRepublic which was first established in Singapore in 2012 and has developed its network in Australia, New Zealand, and Indonesia. In Indonesia, MyRepublic began operating in 2015 as an Internet company based on fiber optic cable technology (FTTH) and currently, MyRepublic has networks in 12 major cities in Indonesia, namely; Jakarta, Bogor, Depok, Tangerang, Bekasi, Cibubur, Bandung, Semarang, Surabaya, Malang, Medan and Palembang. 


Adhi Putra Permana
President Director of PT. ASTEK

Mr. Adhi has technical expertise in numerous big telco provider mostly as an engineer. His previous job was as Head of Network Operation in a public listed company, PT Solusi Tunas Pratama, TBK.


  • A personal guarantee from Director of  PT. ASTEK.


FX Risk

This campaign is denominated in Indonesia Rupiah (IDR), and therefore impacts non-Indonesian Investors who have to bear FX risk should there be a depreciation in the IDR.

Mitigation Measure: There will be no exchange rate guarantee given or currency hedging done for investors. Instead, a higher projected ROI has been negotiated with the project company to account for exchange rate risks. The given projected ROI is the final returns investors should take into their consideration.

Payment Risk

The ONT supplier is in China, where they are closed for a long time due to Chinese New Year (“CNY”) holiday season. Therefore, payment of these items must be settled by 14th January 2021. Failure to do so may result in risk of delivery being delayed which may affect the invoicing 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 has been received by MyRepublic. Ethis added 1 month buffer in case of delay.




Musharakah (Partnership) Agreement

Investors will appoint PT SMB to enter into a Musharakah partnership with UPS. The purpose of this Musharakah partnership is to allow UPS to receive funding necessary for the accomplishment of supply order from KPJB.


  1. ASTEK will issue the invoice to MyRepublic after the order is completed. MyRepublic will make payments to PT ASTEK’s bank account in which Ethis will be given access with a standing instruction. 

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

PT. SMB is a registered project management company in Indonesia, Ethis Indonesia’s sister company, managed and operated by Ethis Indonesia.


As this is a time sensitive project, investors are required to provide the proof of transfer within 24 hours of pledging. 

This investment opportunity is based on a first come first serve basis. Your investment is secured only after your proof of transfer 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. 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.

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Risk Statement

The campaign duration is projected by the project owners, and based on information we receive from them. The actual completion of projects is subject to real world conditions, which may cause an extension of duration by 2 to 12 months. Any extensions will be informed to investors in projects updates. In the event of project or business failure in property projects in particular, a recovery process may be initiated to recover some or all of the capital invested.