PT Jaya Trade Indonesia and PT Jaya Gas Indonesia acquired a 20% stake in PT Sarana Merpati Utama from PT Jaya Konstruksi Manggala Pratama Tbk (JKSE:JKON) for approximately IDR 140 million on April 29, 2016. Under the terms of the deal, PT Jaya Trade Indonesia purchased 104,500 shares and PT Jaya Gas Indonesia purchased 5500 shares. PT Jaya Trade Indonesia and PT Jaya Gas Indonesia completed the acquisition of a 20% stake in PT Sarana Merpati Utama from PT Jaya Konstruksi Manggala Pratama Tbk (JKSE:JKON) on April 29, 2016.