Grant Prideco Jersey Limited acquired 45.65% stake in PT H-Tech Oilfield Equipment from PT Citra Tubindo Tbk (IDX:CTBN) for $3.7 million on December 7, 2017. Under the terms of the transaction, 2.83 million shares were acquired. The transaction is expected to realize long-term investment returns for PT Citra Tubindo Tbk and improve the cash position. Grant Prideco Jersey Limited completed the acquisition of 45.65% stake in PT H-Tech Oilfield Equipment from PT Citra Tubindo Tbk (IDX:CTBN) on December 7, 2017.