Magdalena Vandry acquired various majority stakes in PT Golden Integrity Sejati and PT Golden Edukasi Abadi from PT Suryamas Dutamakmur Tbk (IDX:SMDM) for IDR 2.3 billion on October 19, 2018. PT Suryamas Dutamakmur Tbk has disposed its entire 70% interest in PT Golden Integrity Sejati and 70.83% interest in PT Golden Edukasi Abadi to Magdalena Vandry for a total consideration of IDR 1.4 billion and IDR 0.9 billion respectively. The consideration was satisfied in cash. For the financial year ending December 31, 2018, the deal is not expected to have any material impact on the net tangible assets or earnings per share of Top Global Limited (SGX:BHO), the parent of PT Suryamas Dutamakmur Tbk and its subsidiaries. Magdalena Vandry completed the acquisition of various majority stakes in PT Golden Integrity Sejati and PT Golden Edukasi Abadi from PT Suryamas Dutamakmur Tbk (IDX:SMDM) on October 19, 2018.