PT Mark Dynamics Indonesia Tbk (IDX:MARK) agreed to acquire stakes in PT Berjaya Dynamics Indonesia and PT Agro Dynamics Indo from Chin Kien Ping and Sutiyoso Bin Risman for IDR 70 billion on March 17, 2020. Under the terms, PT Mark Dynamics Indonesia will acquire 99% of PT Berjaya Dynamics and 99% of PT Berjaya Dynamics. MARK acquired 0.1 million of BDI shares owned by Chin Kien Ping and 0.53 million of ADI shares, consisted of 0.5 million shares belonging to Kien Ping and 0.03 million shares owned by Sutiyoso Bin Risman. MARK will spend IDR 70 billion on the transaction that will be paid in three stages. The first payment is IDR 47.50 billion for BDI shares, the second payment is IDR 21.20 billion for some of ADI shares, and the third payment is IDR 1.30 billion for the remaining ADI shares. The corporate action was approved by MARK and BDI's commissioners on March 17, 2020 and BDI's shareholders on June 29, 2020. PT Mark Dynamics Indonesia Tbk (IDX:MARK) completed the acquisition of stakes in PT Berjaya Dynamics Indonesia and PT Agro Dynamics Indo from Chin Kien Ping and Sutiyoso Bin Risman on July 7, 2020.