PT Sinar Jaya Agro Investama and Suparto entered into PT Nakau from PT Provident Agro Tbk (JKSE:PALM) and PT Transpacific Agro Industry for approximately IDR 270 billion on December 27, 2016. Under the terms, PT Provident Agro Tbk sold 54,999 shares to PT Sinar Jaya Agro Investama and PT Transpacific Agro Industry sold 1 share to Suparto. PT Provident Agro Tbk gained additional funding from the sale which may be utilized to strengthen the company's cash flow and capital. The transaction will have positive impact to PT Provident Agro. PT Sinar Jaya Agro Investama and Suparto completed the acquisition of PT Nakau from PT Provident Agro Tbk (JKSE:PALM) and PT Transpacific Agro Industry on December 27, 2016.