PT Tira Austenite Tbk (IDX:TIRA) acquired 20% stake in PT. Batam Citra International from Ahmad Irpangi for approximately IDR 250 million on August 8, 2019. PT Tira Austenite Tbk acquired 250 shares from Ahmad Irpangi at IDR 1 million per share. PT Tira Austenite Tbk held 250 shares representing 20% stake in PT. Batam Citra International prior to the transaction and post completion, holds 500 shares representing 40% stake in PT. Batam Citra International. Ahmad Irpangi held 1000 shares representing 80% stake in PT. Batam Citra International prior to the transaction and post completion holds 750 shares representing 60% stake in PT. Batam Citra International. The purchase is expected to make a positive contribution to PT Tira Austenite Tbk. PT Tira Austenite Tbk (IDX:TIRA) completed the acquisition of 20% stake in PT. Batam Citra International from Ahmad Irpangi on August 8, 2019.