Investree Singapore Pte. Ltd. acquired a 7.494% stake in PT Bank Amar Indonesia Tbk (IDX:AMAR) from Tolaram Group Inc. for approximately IDR 290 billion on August 24, 2022. Under the terms, Investree Singapore Pte. Ltd. has acquired 1,035,714,286 shares for IDR 280 per share. Valerie Kong of Clifford Chance Wong Pte Ltd. acted as legal advisor to Tolaram Group Inc.

Investree Singapore Pte. Ltd. completed the acquisition of a 7.494% stake in PT Bank Amar Indonesia Tbk (IDX:AMAR) from Tolaram Group Inc. on August 24, 2022.