PT Pusako Tarinka Tbk (JKSE:PSKT) signed a sale and purchase agreement to acquire PT Planet Merah Sepuluh from PT Crio Indonesia and NG Suwito for IDR 4.2 billion in cash on December 13, 2013. In a related transaction, PT Pusako Tarinka Tbk signed a sale and purchase agreement to acquire 12 other companies. Under the terms of the transaction, Crio Indonesia will receive IDR 1.1 billion and NG Suwito will receive IDR 2.6 billion. The transaction will be financed by an offering of IDR 615.8 billion. The transaction is subject to approval by PT Pusako Tarinka Tbk shareholders, completion of rights issue of PT Pusako Tarinka Tbk, fulfillment of the Laws and approval from Investment Coordinator Board of Indonesia, approval from creditors of PT Pusako Tarinka Tbk and corporate aprroval. The transaction is expected to be closed by June 30, 2014. The shareholders of Pusako Tarinka approved the transaction recently. Kantor Akuntan Publik Kanaka, Puradiredja, Suhartono acted as accountant to PT Pusako Tarinka Tbk. PT Raya Saham Registra acted as registrar for PT Pusako Tarinka Tbk.

PT Pusako Tarinka Tbk (JKSE:PSKT) cancelled the acquisition of PT Planet Merah Sepuluh from PT Crio Indonesia and NG Suwito on December 13, 2014.