IBJ Leasing Company, Limited (TSE:8425) agreed to acquire 19.99% stake in PT. Verena Multi Finance Tbk (IDX:VRNA) from Deutsche Investitions- und Entwicklungsgesellschaft mbH on August 30, 2018. The execution date of agreements pertaining to the transaction is scheduled to be August 30, 2018. The transaction is subject to approval by each party's statutory bodies and the issuance of PT. Verena Multi Finance's rights authorized by Indonesia's Financial Services Authority, Otoritas Jasa Keuangan (OJK). The board of directors of IBJ Leasing Company resolved the transaction at a meeting held on August 30, 2018. The transfer date of shares is scheduled to be October 5, 2018.

IBJ Leasing Company, Limited (TSE:8425) completed the acquisition of 19.99% stake in PT. Verena Multi Finance Tbk (IDX:VRNA) from Deutsche Investitions- und Entwicklungsgesellschaft mbH on October 5, 2018. As on January 11, 2019, Indonesia's Financial Services Authority completed its review of the issuance of stock acquisition rights of PT. VERENA MULTI FINANCE Tbk and the effective date of the acquisition of shares by exercising rights will be on January 23, 2019.