JAKARTA - PT Darma Henwa Tbk (DEWA) has acquired a 99.90% stake in PT Sabina Mahardika (SM), a gold and mineral mining company based in Aceh, said DEWA Chief of Investor Relations and Corporate Secretary Mukson Arif Rosyidi in a stock exchange filing on Friday (15/1).
The acquisition, Mr Rosyidi said, is part of DEWA's effort to expand and diversify its business in order to improve its added value going forward. "The acquisition of SM's shares took place in mid-December 2020," he said.
Following the acquisition, DEWA plans to launch a private placement by issuing 5,870,821,080 new shares. The planned corporate action will be decided at an EGM on 27 January 2021. (LK/MS)