PT Tunas Harapan Perkasa and PT Energi Mega Persada Tbk (JKSE:ENRG) acquired PT Kencana Surya Perkasa from PT Capitalinc Investment Tbk (JKSE:MTFN) for $23.7 million on April 18, 2013. In a related deal, PT Energi Mega Persada Tbk (JKSE:ENRG) acquired an additional 24% stake PT EMP Tonga from PT Capitalinc Investment Tbk (JKSE:MTFN) for $18.1 million on April 18, 2013. PT Tunas Harapan Perkasa and PT Energi Mega Persada Tbk acquired 1% stake and 99% stake in PT Kencana Surya Perkasa respectively. PT Kencana Surya Perkasa had total assets of $0.02 million (IDR 220.33 million) as of June 30, 2012. The proceeds will be used by Capitalinc Investment Tbk to repay the obligations to third party and also to develop investment. The currency conversion was done through www.oanda.com as on June 30, 2012.


PT Tunas Harapan Perkasa and PT Energi Mega Persada Tbk (JKSE:ENRG) completed the acquisition of PT Kencana Surya Perkasa from PT Capitalinc Investment Tbk (JKSE:MTFN) on April 18, 2013.