PT Bangun Daya Perkasa agreed to acquire 62.5% stake in PT Kalimantan Powerindo from Sumalindo Lestari Jaya tbk PT (JKSE: SULI) for approximately IDR 110 billion on June 27, 2011. Sumalindo Lestari will transfer IDR 60.1 billion of receivables. The proceeds from the transaction will be used to add its working capital. The transaction is expected to complete by the third quarter of 2011. The divestment is not been finalised, due to the fact that a restructuring of the debt of Kalimantan Powerindo with Bank CIMB Niaga is not completed. The finalisation of this debt restructuring agreement is a condition for the sale or purchase of shares between Sumalindo Lestari Jaya and PT Bangun Daya Perkasa.

PT Bangun Daya Perkasa cancelled the acquisition of 62.5% stake in PT Kalimantan Powerindo from Sumalindo Lestari Jaya tbk PT (JKSE:SULI) on December 21, 2012.