PT Indonesian Paradise Property Tbk (JKSE:INPP) signed an agreement to acquire 51% stake in PT Mitra Perdana Nuans from PT Grahatama Kreasibaru for IDR 29 billion on April 10, 2015. In related transactions, PT Indonesian Paradise Property Tbk (JKSE:INPP) signed an agreement to acquire 25.9% stake in PT Plaza Indonesia Realty Tbk from Nexus Solutions Pte. for IDR 2.3 trillion, 50% stake in PT Sepingan Properti from PT Grahatama Kreasibaru for IDR 13.5 billion and 51% stake in PT Anugerah Nusaraya from PT Andalan Karya Property and Unipac Holdings Ltd. for IDR 97 billion on April 10, 2015. Indonesian Paradise Property will acquire 0.03 million shares at the price of IDR 1.16 million per share. PT Indonesian Paradise Property will pay within 30 days following the listing of shares of Indonesian Paradise Property on IDX. In a related deal, PT Indonesian Paradise Property is offering as many as 8.6 billion shares at the offering price of IDR 325 per share. The transaction shall be funded through 1.52% of the proceeds of public offering of PT Indonesian Paradise Property Tbk. PT Mitra Perdana Nuans reported total assets of IDR 69.9 billion and equity of IDR 67.27 billion as at December 31, 2014. Sudiharto Suwowo of KAP Idris & Sudiharto acted as the accountant and KJPP Ihot, Dollar & Raymond acted as appraiser.

PT Indonesian Paradise Property Tbk (JKSE:INPP) cancelled the acquisition of 51% stake in PT Mitra Perdana Nuans from PT Grahatama Kreasibaru on April 10, 2016.