Kokos Leo Lim and Angela Niggsih, two Indonesian individuals agreed to acquire an unknown stake in PT Sepingan Properti from PT Indonesian Paradise Property Tbk (JKSE:INPP) for IDR 14.8 billion on December 21, 2016. Under the terms of the transaction, Kokos Leo Lim and Angela Niggsih will acquire entire 8.97 million shares of PT Sepingan Properti. PT Indonesian Paradise Property will use the proceeds of the sale for working capital and /or business development. Kokos Leo Lim and Angela Niggsih, two Indonesian individuals completed the acquisition of an unknown stake in PT Sepingan Properti from PT Indonesian Paradise Property Tbk (JKSE:INPP) on December 23, 2016.