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. Under the terms of the deal, 3,149 shares will be acquired. In a related deal, 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, 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.

For the year ended December 31, 2014, PT Borneo Mining Kontraktor recorded total assets of IDR 37.18 billion, total liability of IDR 35.94 million, total equity of IDR 1.24 billion, revenue of IDR 4.26 million and loss of IDR 2.3 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.

KJPP Maulana, Andesta & Rekan acted as public appraiser for PT Alam Karya Unggul Tbk.