PT Akar Investasi Indonesia, CIZJ Limited signed a sale and purchase deed to acquire unknown majority stake in PT Kimia Farma Apotek for IDR 460 billion on December 27, 2022. Tumbuan & Partners acted as legal advisor to PT Kimia Farma Apotek. Cellia Cognard, Stephanie, Santi Darmawan, Monica Sun of Herbert Smith Freehills LLP acted as legal advisor to The Silk Road Fund Co Ltd.