Redstone Resources Pte Ltd made a mandatory tender offer to acquire remaining 20% stake in Citra Kebun Raya Agri Tbk from PT Kurnia Cemerlang and other shareholders for approximately IDR 280 billion on May 2, 2012. Redstone Resources will acquire 1 billion A Series shares and 8.4 million B Series shares by offering IDR 275 per share. The tender offer will open on May 3, 2012 and close on June 1, 2012. PT Sinartama Gunita acted as registrar for Redstone Resources. PT Sinarmas Sekuritas acted as financial advisor to Redstone Resources.