PT Panasia Synthetic Abadi acquired an additional 12.58% stake in PT Panasia Indo Resources Tbk (JKSE:HDTX) from Novatex International Limited for IDR 59.8 billion on August 8, 2014. Under the terms of the transaction, PT Panasia Synthetic Abadi acquired an additional 192.8 million shares at the price of IDR 310 per share and increased its holding to 686 million shares i.e. 44.76% stake in PT Panasia Indo Resources Tbk.

PT Panasia Synthetic Abadi completed the acquisition of an additional 12.58% stake in PT Panasia Indo Resources Tbk (JKSE:HDTX) from Novatex International Limited on August 8, 2014.