PT Leyand International Tbk acquired an additional 50% stake in PT Leyand Pontianak Power from PT Panin Financial Tbk for IDR 5 billion.
March 19, 2013 at 09:30 am IST
PT Leyand International Tbk (JKSE:LAPD) acquired an additional 50% stake in PT Leyand Pontianak Power from PT Panin Financial Tbk (JKSE:PNLF) for IDR 5 billion on May 31, 2012. PT Leyand International acquired additional 5,000 shares of PT Leyand Pontianak Power and pursuant to the transaction, PT Leyand International owns 90% stake in PT Leyand Pontianak Power. PT Leyand Pontianak Power reported total assets of IDR 67.09 million for 2012 and IDR 62.74 million in 2011.
PT Leyand International Tbk (JKSE:LAPD) completed the acquisition of an additional 50% stake in PT Leyand Pontianak Power from PT Panin Financial Tbk (JKSE:PNLF) on May 31, 2012.