PT Perdana Karya Perkasa Tbk (JKSE:PKPK) enter into conditional agreement to acquire RITS Ventures Limited for IDR 5.5 trillion on November 26, 2012. PT Perdana Karya Perkasa Tbk should pay the transaction size five days before the closing of the transaction. As of January 11, 2013, Perdana karya amended the payment term and should pay 25% of transaction size comprised IDR 1.27 trillion within five business day from the fund received from right offering public issue, will pay IDR 1.27 trillion after five business day from first payment, will pay IDR 1.27 trillion after five business day from second payment, and will pay remaining IDR 1.27 trillion after five business day from third payment.

Perdana Perkasa will use IDR 5.5 trillion from IDR 6.5 trillion rights issue to fund the transaction. The transaction is subject to approval of Ministry of Law and Human right, shareholder approval of Perdana karya, Indonesian stock exchange approval, and third party approval. The transaction is expected to close on February 15, 2013.