PT Cowell Development (the company) was established under its original name of PT Internusa Artacipta on Mar 25, 1981 then changed to PT Karya Cipta Putra Indonesia based on Notaries Deed dated Aug 10, 2005 and the deed of establishment was approved by the the Ministry of Justice dated Sep 12, 2005. The Company’s articles of association has been amended several times, most recently by notarial deed No. 31 of Fathiah Helmi, S.H., dated Aug 27, 2007, concerning among others, the change in the Company’s authorized stock, par value, Company's name and public offering .