Mewah International Inc. (SGX:MV4) acquired 5% stake in PT. Puncak Surya Lestari from PT. Rimbunan Putra for approximately $0.13 million on August 12, 2022. The Group through its indirect wholly owned subsidiary has acquired 140 shares or 5% of shares from PT. Rimbunan Putra at nominal value of IDR 13.273 million per share. Following the acquisition, PT. Puncak Surya Lestari has become an indirect wholly owned subsidiary of the Group.

Mewah International Inc. (SGX:MV4) completed the acquisition of 5% stake in PT. Puncak Surya Lestari from PT. Rimbunan Putra on August 12, 2022.