PT Panasia Synthetic Abadi acquired an additional 11.81% stake in PT Panasia Indo Resources Tbk (JKSE:HDTX) from Novatex International Ltd for IDR 59.7 billion on April 29, 2014. PT Panasia Synthetic Abadi acquired 181 million shares of PT Panasia Indo Resources Tbk representing 11.81% stake and paying IDR 330 per share. Post transaction, PT Panasia Synthetic Abadi will hold 32.18% stake and Novatex International will hold 12.58% stake in PT Panasia Indo Resources Tbk.

PT Panasia Synthetic Abadi completed the acqiuisition of an additional 11.81% stake in PT Panasia Indo Resources Tbk (JKSE:HDTX) from Novatex International Ltd on April 29, 2014.