PT Hanson International Tbk, a company engaging in industry and general trading sector, is targeting to acquire 99.5% of PT Binadaya Wiramaju’s shares equals to 398,000 shares, worth IDR400 billion.
The acquisition value, much lower than the price set by independent appraiser at IDR432.74 billion, was set at IDR1.01 million per share.
The management said the transaction will be financed through promissory note issuance to a major shareholder of PT Binadaya Wiramaju, namely Benny Tjokrosaputro worth by IDR400 billion.
The promissory note, offering 2% interest rate including tax, will be overdue in 36 months since the issuance date.
The acquisition value, much lower than the price set by independent appraiser at IDR432.74 billion, was set at IDR1.01 million per share.
The management said the transaction will be financed through promissory note issuance to a major shareholder of PT Binadaya Wiramaju, namely Benny Tjokrosaputro worth by IDR400 billion.
The promissory note, offering 2% interest rate including tax, will be overdue in 36 months since the issuance date.
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