PT Pratama Maju Jaya and Darren APS signed a sale and purchase deed to acquire PT Adara Properti Indonesia from PT Forza Land Indonesia Tbk (IDX:FORZ) and PT Forza Aset Manajemen for IDR 46 billion on January 7, 2020. Under the terms of the transaction, PT Pratama Maju Jaya will acquire 99.9% stake in PT Adara Properti Indonesia from PT Forza Land Indonesia Tbk (IDX:FORZ) and Darren APS will acquire 0.1% stake in PT Adara Properti Indonesia from PT Forza Aset Manajemen. As of July 31, 2019, PT Adara Properti Indonesiareported total assets of IDR 113 billion and total common equity of IDR 30.3 billion. The transaction does not require seller's shareholders approval. PT Forza Land Indonesia Tbk will use part of the funds for debt repayment. KJPP Firman, Suryantoro, Sugeng, Suzy, Hartomo & Rekan provided fairness opinion to PT Forza Land Indonesia Tbk.