ICTSI Far East Pte. Ltd. made an offer to acquire remaining 20% stake in Karwell Indonesia Tbk from its shareholders for IDR 14.9 billion in cash on May 3, 2012. ICTSI Far East will acquire 117.43 million shares of Karwell Indonesia at an offer per share of IDR 127. The consideration will be paid on July 11, 2012. PT HD Capital Tbk must transfer shares from sub accounts of respective shareholders into the KSEI temporary account (KSEI1–1092–001-96) through C-BEST by applying Securities Transfer instruction. The offer period will open on May 31, 2012 and will close on June 29, 2012. PT Raya Saham Registra acted as registrar to ICTSI Far East Pte. Ltd. PT HD Capital Tbk acted as financial advisor to ICTSI Far East Pte. Ltd and will not charge any fee to ICTSI Far East.

ICTSI Far East Pte. Ltd. cancelled the acquisition of the remaining 20% stake in Karwell Indonesia Tbk from its shareholders on May 3, 2013.