PT Duta Pertiwi Tbk (JKSE:DUTI) and PT Fortune Mate Indonesia Tbk (JKSE:FMII) acquired 120 hectares land in Benowo, Surabaya for IDR 1.4 trillion on August 2, 2016. As per terms, PT Fortune Mate Indonesia Tbk (FMII) put approximately IDR 260 billion as capital in the said transaction.

PT Duta Pertiwi Tbk (JKSE:DUTI) and PT Fortune Mate Indonesia Tbk (JKSE:FMII) completed the acquisition of 120 hectares land in Benowo, Surabaya on August 2, 2016.