PT Bhuwanatala Indah Permai Tbk (JKSE:BIPP) and BIP Lokakencana acquired additional 32.59% stake in PT BIP Tridaya Propertindo from PT Wahana Mutiara Pratama and Mrs. Maria for IDR 22 billion on December 7, 2015. PT Bhuwanatala Indah Permai Tbk and BIP Lokakencana acquired 0.02 million shares of PT BIP Tridaya Propertindo. PT Bhuwanatala Indah Permai Tbk acquired 32.586% from PT Wahana Mutiara Pratama and Mrs. Maria. BIP Lokakencana acquired 0.004% stake from Mrs. Mari. PT Bhuwanatala Indah Permai Tbk already holds 67.41% stake in PT BIP Tridaya Propertindo. After the transaction, PT Bhuwanatala Indah Permai Tbk will hold 99.996% stake and BIP Lokakencana will hold 0.004% stake in PT BIP Tridaya Propertindo. PT BIP Tridaya Propertindo reported total assets of IDR 270.67 billion as at September 20, 2015.

PT Bhuwanatala Indah Permai Tbk (JKSE:BIPP) and BIP Lokakencana completed the acquisition of additional 32.59% stake in PT BIP Tridaya Propertindo from PT Wahana Mutiara Pratama and Mrs. Maria on December 7, 2015.