PT Pusako Tarinka Tbk (JKSE:PSKT) signed a sale and purchase agreement to acquire PT Planet Merah Depok from PT Crio Indonesia and NG Suwito for IDR 7.8 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. The transaction will be financed by an offering of IDR 615.8 billion. The transaction is subject to approval by from shareholders of PT Pusako Tarinka, 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 approval. The transaction has been approved by the shareholders of PT Pusako Tarinka. The transaction is expected to be closed by June 30, 2014. Kantor Akuntan Publik Kanaka, Puradiredja, Suhartono acted as accountant and PT Saham Raya Registra acted as registrar to PT Pusako Tarinka.

PT Pusako Tarinka Tbk (JKSE:PSKT) completed the acquisition of 99.98% stake in PT Planet Merah Depok from PT Crio Indonesia and NG Suwito for IDR 7.8 billion on June 30, 2014. Pusako Tarinka acquired 98.98% stake from Crio Indonesia and 1% stake from NG Suwito. 4,999 shares were acquired under the deal.