Establishment of PT. Bhaktijaya Dwipaparamitha as one of the founding history of PT. Lamicitra Nusantara Tbk. The company operated workshop to repair and building machineries.
Establishment of PT. Najatim Dock Yard also as one of the founding history of PT. Lamicitra Nusantara Tbk. The company ran as a ship building and ship repairing facilities (dockyard).
Establishment of PT. Tirta Bahagia as mineral water manufacturer and distribution company under brand name "Club Aqua".
Establishment of PT. Lamicitra Nusantara at 29 January 1988. Also during this year, the company has been appointed as the main contractor for building main intercity connection road in Jember with total length of 100 km.
Establishment PT. Wiratangguh Dharmacitra (WTDC) as a subsidiary of the holding. The company operated as container yard depot, consolidated cargo, warehousing, fright forwarding and shipping agency in Tanjung Perak, Surabaya with total land of 42,000 m2.
Acquired property in Tanjung Emas, Semarang with total land of 102 hectares and in Jembatan Merah, Surabaya with total land of 5,4 hectares.
Construction of Jembatan Merah Plaza 1, and Tunjungan Hotel, both in Surabaya, Indonesia. Operation of WTDC in Surabaya and Semarang also commenced during this year.
Operational of Jembatan Merah Plaza 1 and began construction partial of Royal Sentul Highland project, Bogor.
Grand Opening both for Jembatan Merah Plaza 1 and Tunjungan Hotel in Surabaya, Indonesia.
Began construction of JMP ruko and completion of Royal Sentul Highland project development also occur during in this year.
Acquired Darmo Hill property with total land of 22,000 m2 in Surabaya and project site preparation.
Launched Darmo Hill residential estate project in Surabaya.
Sold out one of the property of PT. Wiratangguh Dharmacitra in Tanjung Perak, Surabaya.
Initial Public Offering PT Lamicitra Nusantara Tbk., with dual listing in Surabaya Stock Exchange and Jakarta Stock Exchange.
Construction of Jembatan Merah Plaza 2, Surabaya.
Acquired Tunjungan Center building in Surabaya and Grand opening Jembatan Merah Plaza 2, Surabaya at the end of 2004.
Construction two of commercial projects development of Tunjungan Electronic Center (TEC) in June 2005 and Pusat Grosir Surabaya (PGS) in August 2005.
Establishment of PT. MISI to operate the development of Madura Industrial Seaport City project
Opening both TEC in June 2007 as an extension building for an electronic and IT center and PGS as a general wholesale center to serve the regional market in August 2007.