Hengtong Optic-Electric International Co., Ltd. entered into a framework agreement to acquire 30.1% stake in Voksel Electric PT (JKSE:VOKS) from Tina Lius, Chao Mi Mi, Low Tuck Kwong and Perfect Prospect Limited for approximately IDR 310 billion on November 20, 2015. Under the terms of the agreement, Hengtong Optic-Electric International Co., Ltd. will acquire 250 million shares of Voksel Electric PT for IDR 1250 per share. On January 5, 2016, the board of directors of Hengtong Optic-electric Co., Ltd. approved the deal. Melissa Ng, Ario Pamungkas, Dede Fikry, Indy Djalal and Samantha Eng of Clifford Chance and Linda Widyati & Partners acted as legal advisors for Hengtong Optic-electric Co., Ltd., parent of Hengtong Optic-Electric International.

Hengtong Optic-Electric International Co., Ltd. completed the acquisition of 30.1% stake in Voksel Electric PT (JKSE:VOKS) from Tina Lius, Chao Mi Mi, Low Tuck Kwong and Perfect Prospect Limited on January 5, 2016.