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MAP Aktif purchases an investment company for US$ 4 million

03 September 2020 10:26

JAKARTA. PT MAP Aktif Adiperkasa Tbk (MAPA) purchased New Golden Heritage Pte. Ltd (NGH), an investment company based in Singapore, for US$ 4 million (Rp 55.60 billion).

The purchase was announced in a disclosure published on the IDX's website. The sales and purchase agreement was signed on 31 August 2020.

The purchase was done through MAPA's subsidiary, Athletica International Holdings Pte. Ltd. (AIHP). AIHP will purchase all of NGH shares held by Teamway Asia Limited (TAL). 

MAPA's management also explained that the number of shares purchased from TAL was 6.9 million, each valued at SGD 100. (AM/AR)

 
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