PT Alam Karya Unggul Tbk agreed to sell 99.9% stake in PT Swastika Muliajaya for IDR 51 million on May 18, 2015. Under the terms of the transaction, PT Alam Karya Unggul Tbk will sell 0.51 million shares of PT Swastika Muliajaya at IDR 100 per share. In related transactions, 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 and 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. As of December 31, 2014, PT Swastika Muliajaya had total assets of IDR 79.15 million, total liability of IDR 574.22 million, total net liabilities of IDR 495.08 million, nil revenue and loss of IDR 625.11 million. 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. KJPP Maulana, Andesta & Rekan acted as public appraiser in the deal. PT Alam Karya Unggul Tbk cancelled the sale of 99.9% stake in PT Swastika Muliajaya on May 18, 2016.