PT Tira Austenite Tbk acquired an additional 2.97% stake in PT Alpha Austenite from Toto Wahyudianto and Hadi Gunawan on December 14, 2012. PT Tira Austenite acquired additional 1189 shares and pursuant to the transaction, PT Tira Austenite holds 99.99% stake in PT Alpha Austenite. Alpha Austenite had total assets of IDR 55.52 billion for the year ended December 31, 2011.

PT Tira Austenite Tbk completed the acquisition of an additional 2.97% stake in PT Alpha Austenite from Toto Wahyudianto and Hadi Gunawan on December 14, 2012.