PT Bekasi Fajar Industrial Estate Tbk signed a memorandum of understanding to acquire 90 hectares of land located in Cikarang Barat, Bekasi from PT Nusa Raya Mitratama for approximately IDR 920 billion.
As May 15, 2013, PT Bekasi Fajar Industrial Estate Tbk (JKSE:BEST) signed a memorandum of understanding to acquire 90 hectares of land located in Cikarang Barat, Bekasi from PT Nusa Raya Mitratama for approximately IDR 920 billion. Under the terms of deal, IDR 300 billion is paid as a security deposit at the time the deed is signed and remaining is paid in a separate legitimate receipt. Budi, Edy, Saptono & Rekan Public Appraiser Office acted as fairness opinion provider and Paul Hadiwinata, Hidajat, Arsono, Ade Fatma dan Rekan, Public Accountant Office acted as accountant for PT Alam Sutera Realty Tbk, the ultimate parent of PT Nusa Raya Mitratama.