PT Intraco Penta Tbk (JKSE:INTA) agreed to acquire a 30% stake in PT Petra Unggul Sejahtera from Halex Halim, Petrus Halim and Jimmy Halim for approximately IDR 340 billion on March 10, 2017. Under the terms, Halex Halim, Petrus Halim and Jimmy Halim will sell 6,812 shares, 40,874 shares and 20,438 shares respectively. As of March 27, 2017, payment will be made in the form of new shares of PT Intraco Penta or in the combination of cash and new shares. Transaction will be financed from a rights offering and is subject to approval from the shareholders of PT Intraco Penta, approval from creditors and completion of rights offering of PT Intraco Penta. Deal is expected to complete within 60 days following fulfillment of conditions. PT Surya Fajar Capital acted as a financial advisor, Satrio Bing Eny & Rekan acted as an accountant and KJPP Jennywati, Kusnanto & Rekan acted as an appraiser to PT Intraco Penta Tbk.