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.

PT Golden Plantation Tbk (JKSE:GOLL) completed the acquisition of 77.5% stake in PT Bailangu Capital Investment from Muhammad Reza Zulkarnaen and PT Pangeran Duayuon February 10, 2015.