PT Asabri acquired an additional 15.74% stake in PT Island Concepts Indonesia Tbk (JKSE:ICON) from Ir. Frans Bambang Siswanto and others for IDR 65.2 billion on December 16, 2015. Under the transaction, PT Asabri acquired 171.49 million shares of Island Concepts at IDR 380 per share while Ir. Frans Bambang Siswanto sold 100 million shares. Upon completion, PT Asabri holds 32.52% stake in Island Concepts while Ir. Frans Bambang Siswanto holds 36.1%.

PT Asabri completed the acquisition of an additional 15.74% stake in PT Island Concepts Indonesia Tbk (JKSE:ICON) from Ir. Frans Bambang Siswanto and others on December 16, 2015.