PT Sunindo Pratama Tbk (IDX:SUNI) acquired a 39.96% stake in PT Rainbow Tubulars Manufacture from PT Sunda Optima Pipe for IDR 70.65 billion on January 16, 2023. Under the terms, PT Sunindo Pratama Tbk will acquire 4,395,600 shares and will have 99.96% stake in PT Rainbow Tubulars Manufacture post completion.

PT Sunindo Pratama Tbk (IDX:SUNI) completed the acquisition of a 39.96% stake in PT Rainbow Tubulars Manufacture from PT Sunda Optima Pipe on January 16, 2023.