JAKARTA. Lippo Group's telecommunication and informatics arm PT Multipolar Tbk (MLPL) along with two of its subsidiaries plan to offload its 92.46% stake in PT Multifiling Mitra Indonesia Tbk (MFMI).
According to MLPL Corporate Secretary Natalie Lie, the two subsidiaries are PT Surya Cipta Investama (SCI) and PT Cahaya Investama (CI). MLPI and the two subsidiaries signed a conditional share purchase agreement (CSPA) on 23 December 2020.
"The completion of the share takeover plan still depends on the fulfilling of prerequisites by all parties as stipulated in the sales and purchase agreement," Ms Lie said in a stock exchange filing.
According to IDNFinancials.com's data, the majority of MFMI's shares is controlled by the Riady family through PT Inti Anugerah Pratama (IAP), which currently owns a 74.37% stake in MFMI. (KR/MS)