PT Pusako Tarinka Tbk (JKSE:PSKT) signed a sale and purchase of shares agreement to acquire PT Planet Merah Sembilan from PT Crio Indonesia and Ng Suwito for IDR 3.5 billion in cash on December 13, 2013. Pusako Tarinka will pay IDR 1.1 billion to Crio Indonesia for the acquisition of shares of Planet Merah Sembilan and IDR 2.47 billion to Ng Suwito. In a related transaction, PT Pusako Tarinka signed sale and purchase agreements to acquire 12 other companies. The transaction shall be funded through proceeds of preemptive rights of IDR 615.79 billion. After the completion of all the transactions, PT Pusako Tarinka Tbk will be renamed PT Red Planet Indonesia Tbk and will continue to trade under the IDX ticker of PSKT. The transaction is subject to approval from shareholders of PT Pusako Tarinka Tbk, completion of rights issue of PT Pusako Tarinka Tbk, fulfillment of the Laws and approval from Investment Coordinator Board of Indonesia, approval from creditors of PT Pusako Tarinka Tbk and corporate approval. As of May 21, 2014, the shareholders of Pusako Tarinka approved the transaction. The transaction is expected to be closed by June 30, 2014. Kantor Akuntan Publik Kanaka, Puradiredja, Suhartono acted as accountant and PT Saham Raya Registra acted as the registrar to PT Pusako Tarinka.

PT Pusako Tarinka Tbk (JKSE:PSKT) cancelled the acquisition of PT Planet Merah Sembilan from PT Crio Indonesia and Ng Suwito on December 13, 2014.