PT Ascend Bangun Persada acquired 25.5% stake in PT Trans Power Marine Tbk (JKSE:TPMA) from PT Dwitunggal Perkasa Mandiri for IDR 67.1 billion on September 5, 2016. Under the terms of the transaction PT Ascend Bangun Persada will acquire approximately 670 million shares for IDR 100 per share. PT Ascend Bangun Persada completed the acquisition of 25.5% stake in PT Trans Power Marine Tbk (JKSE:TPMA) from PT Dwitunggal Perkasa Mandiri on September 5, 2016.