Aurora Development Pte. Ltd. acquired 99.97% stake in PT Panen Lestari Basuki from PT Indonesia Prima Property Tbk for approximately $250 million on August 18, 2016. Aurora Development purchased 3.2 million shares. As per terms $12.2 million will be paid in cash, $111.8 million in notes that will mature in 30 days and will be repaid in cash and $124 million will be paid in notes that will be converted to equity. Indonesia Prima Property owns 0.03% post-closing of the deal. Aurora Development Pte. Ltd. completed the acquisition of 99.97% stake in PT Panen Lestari Basuki from PT Indonesia Prima Property Tbk on August 18, 2016.