On February 18, 2020, PT Bintan Alumina Indonesia closed the transaction. The company has already received the subscription amount and completed the registration. Post-closing of the transaction, Global Aluminium International Pte.

Ltd. holds 73% stake in the company, Press Metal Aluminium Holdings Berhad (KLSE:PMETAL) holds 25% stake in the company, and PT. Mahkota Karya Utama holds 2% stake in the company.