In 1964 all assets of Oei Tiong Ham Concern (including the company NV My Handle Kian Gwan) were taken over by the Government of the Republic of Indonesia, and used as contributed capital in establishing PT. Perusahaan Perkembangan Ekonomi Nasional (PPEN) Rajawali Nusantara Indonesia. On February 1, 1971 the company NV My Handle Kian Gwan changed its name into PT. Perusahaan Ekspor Impor (PIE) Raja
wali Nusindo while all of its capital was held by PT. PPEN Rajawali Nusantara Indonesia. Rajawali Nusindo is a company engaged in trading, import, export and acting as a grocer, supplier and distributor of medicines, medical equipments, packing and warehousing. In the beginning PT. Rajawali Nusindo, a subsidiary of PT. Rajawali Nusantara Indonesia, was established to support the sales of the products manufactured the group itself for export and local markets such as: medicines / medical equipments, sugar / molasses, CPO/Palm Kernel, Tea and leather, and to procure raw material, auxiliary materials for medicines, fertilizers, pesticides for plantation, sacks for sugar mills etc.. In its development, as an independent company, PT. Rajawali Nusindo does not only market the products of its group, but also has been marketing the products from the principals outside PT. Rajawali Nusantara Indonesia.
