PT Sinar Mas Group agreed to acquire 10.18% stake in Arion Technology, Inc. (KOSDAQ:3 A058220) from Gemini Value Fund No. 1 and Gemini Investment Corporation (KOSDAQ:A019570) on December 14, 2016. Sinarmas Association will acquire 2.84 million shares. Gemini Value Fund No. 1 will reduce holding from 4.86 million shares to 2.25 million shares. Gemini Investment Corporation will reduce holding from 0.48 million shares to 0.25 million shares.

PT Sinar Mas Group completed the acquisition of 10.18% stake in Arion Technology, Inc. (KOSDAQ:A058220) from Gemini Value Fund No. 1 and Gemini Investment Corporation (KOSDAQ:A019570) on December 23, 2016.