PT. Strait Finance agreed to acquire 67.78% stake in PT. Malacca Trust Wuwungan Insurance from PT Batavia Prosperindo Internasional for IDR 49.5 billion on June 6, 2013. PT. Strait Finance will acquire 523.15 million shares of PT. Malacca Trust Wuwungan Insurance. The transaction will be funded from internal resources. The transaction is subject to the approvals from the Indonesian Capital Market Regulatory Authority and the Ministry of Law and Human Rights of Indonesia.

PT. Strait Finance cancelled the acquisition of 67.78% stake in PT. Malacca Trust Wuwungan Insurance from PT Batavia Prosperindo Internasional on June 6, 2014.