PT Sungai Menang and PT Pertiwi Lenggara Agromas agreed to acquire PT Hutang Ketapang Industri from PT. Kertas Basuki Rachmat Indonesia Tbk (JKSE: KBRI) for $7.8 million on July 21, 2011. The sale of 100% shares of Hutan Ketapang would be made in stages. The first stage is the sale of 99.8% shares, and the rest will be in the next stage. PT Sungai Menang acquired 99.8% stake in PT Hutang Ketapang Industri from PT. Kertas Basuki Rachmat Indonesia Tbk on December 13, 2011. The transaction for 0.2% stake is expected to be completed by 2012. PT Pertiwi Lenggara Agromas completed the acquisition of 0.2% stake in PT Hutang Ketapang Industri from PT. Kertas Basuki Rachmat Indonesia Tbk (JKSE: KBRI) on July 3, 2012.