PT Sejahteraraya Anugrahjaya Tbk (IDX:SRAJ) agreed to acquire PT Bogor Medical Center on March 13, 2018. As per the terms of transaction PT Bogor Medical Center will join into PT Sejahteraraya Anugrahjaya Tbk and PT Sejahteraraya Anugrahjaya Tbk will be the merged company. All shares of the merged company will be listed in the Indonesian Stock Exchange (BEI) and traded through electronic scrip less trading in compliance with BEI regulations. All fractions of shares of the merged company that have been converted by the merge participants will be rounded up to one shares. After the merger is effective, PT Bogor Medical Center Shareholders will receive 0.07 million new shares from PT Sejahteraraya Anugrahjaya Tbk for each PT Bogor Medical Center shares they own prior to the merger. As of May 31, 2018, PT Bogor Medical Center Shareholders will receive 0.07 million new shares from PT Sejahteraraya Anugrahjaya Tbk for each PT Bogor Medical Center shares. The shares conversion ratio was determined after considering the report on the assessment of the merger participant shares’ fair market value conducted by an independent party during the merger. The transaction is subject to approval of shareholders of PT Sejahteraraya Anugrahjaya Tbk and PT Bogor Medical Center and approval of financial services authority. The approval from Indonesian Ministry of Justice and Human Rights is expected on May 31, 2018. The merged company has appointed PT Erdikha Elit Sekuritas to be the broker dealer of the odd lots’ buyback.