PT Garudafood Putra Putri Jaya Tbk (IDX:GOOD) agreed to acquire additional 34% stake in PT Sinar Niaga Sejahtera from Greatwall Capital Pte. Ltd. for approximately IDR 200 billion on June 25, 2024. Currently, Garudafood owns 570.937234 million shares, representing 55.70% stake in PT Sinar Niaga Sejahtera.

For the period ending December 31, 2023, PT Sinar Niaga Sejahtera reported total revenue of IDR 3.46 trillion. Kantor Jasa Penilai Publik Iskandar dan Rekan acted as fairness opinion provider for PT. Garudafood Group and concluded that the transaction is fair.