PT Pacific Raya Propertindo entered into an agreement to acquire PT. Sierad Industries. from PT Sierad Produce Tbk (JKSE:SIPD) for approximately IDR 180 billion on November 17, 2014. The purchase shall include transfer of PT Sierad Industries' office space.

PT Pacific Raya Propertindo completed the acquisition of PT. Sierad Industries. from PT Sierad Produce Tbk (JKSE:SIPD) on November 17, 2014.