PT Capitalinc Investment Tbk completed the acquisition of Owen Holdings Limited.
The transaction is subject to full approval from Capitalinc Investment and sellers, satisfying result of due diligence on Owen by Capitalinc Investment, completion of due diligence on Offshore North West Java (ONWJ) block, completion of valuation on ONJW block, approval from shareholders of Capitalinc Investment on public offering of rights issue and completion of public offering. Hadiputranto, Hadinoto & Partners acted as legal advisor and KJPP Jennywati, Kustanto & Rekan provided fairness opinion on the transaction.
PT Capitalinc Investment Tbk (JKSE:MTFN) completed the acquisition of Owen Holdings Limited on April 29, 2014.