PT Inti Agri Resources Tbk (JKSE:IIKP) signed a memorandum of understanding to acquire 98.96% stake in PT. Agro Artha Surya from PT Bukit Berlian Plantations for $50 million in cash on December 17, 2015. The transaction is expected to be funded through external funding sources, i.e., bank loan or by adding new capital. PT Inti Agri Resources Tbk (JKSE:IIKP) cancelled the acquisition of 98.96% stake in PT. Agro Artha Surya from PT Bukit Berlian Plantations on February 28, 2017.