Trusty Cars Pte. Ltd. signed the sales and purchase agreement to acquire 50% stake in PT Mitra Pinasthika Mustika Rent from PT Mitra Pinasthika Mustika Tbk for approximately IDR 780 billion.

Trusty Cars Pte. Ltd. signed the sales and purchase agreement to acquire 50% stake in PT Mitra Pinasthika Mustika Rent from PT Mitra Pinasthika Mustika Tbk (IDX:MPMX) for approximately IDR 780 billion on May 31, 2022. Ernst and Young acted as financial and due diligence advisor to Trusty Cars in the transaction.