PT Alam Karya Unggul Tbk agreed to acquire 99.9% stake in PT Permata Nusantara Hotelindo from PT Eka Mandiri Anugerah Sejahtera for IDR 2.4 billion on May 18, 2015. Under the terms of the deal, 949 shares will be acquired. In a related deal, Subali Sudjie agreed to acquire 99.9% stake in PT Borneo Mining Kontraktor from PT Alam Karya Unggul Tbk for IDR 1.6 billion on May 18, 2015. In a related deal, PT Baruna Pancar Sejati agreed to acquire 99.9% stake in PT Swastika Muliajaya from PT Alam Karya Unggul Tbk for IDR 50.9 million on May 18, 2015. As of December 31, 2014, PT Permata Nusantara Hotelindo had total assets of IDR 5.38 billion, total liability of IDR 2.96 billion, total equity of IDR 2.42 billion, revenue of IDR 9.13 billion and profit of IDR 1.82 billion. The meeting of shareholders of PT Alam Karya Unggul for approval will be held on June 25, 2015. KAP Mulyamin, Sensi, Suryanto & Lianny acted as accountant and Bahar & Partners acted as legal advisor for PT Alam Karya Unggul. KAP Rama Wendra acted as accountant for PT Permata Nusantara Hotelindo. KJPP Maulana, Andesta & Rekan acted as public appraiser in the deal. PT Alam Karya Unggul Tbk cancelled the acquisition of 99.9% stake in PT Permata Nusantara Hotelindo from PT Eka Mandiri Anugerah Sejahtera on May 18, 2016.