PT Golden Plantation Tbk (JKSE:GOLL) agreed to acquire 77.5% stake in PT Bailangu Capital Investment from Muhammad Reza Zulkarnaen and PT Pangeran Duayu for IDR 46.3 billion on November 24, 2014. PT Golden Plantation Tbk will purchase 1 share from Muhammad Reza Zulkarnaen and 0.05 million shares from PT Pangeran Duayu. IDR 46.2 billion from initial public offerings of Golden Plantation shall be used to fund the transaction.