PT Sinar Mas Multiartha Tbk (JKSE:SMMA) agreed to acquire P.T. Rizki Lancar Sentosa from PT. Asuransi Jiwa Sinarmas MSIG and Syailendra Capital for approximately IDR 180 billion in cash on July 24, 2013. Under the terms of agreement, PT Sinar Mas Multiartha Tbk will acquire 2,499 shares from PT Asuransi Jiwa Sinarmas MSIG and 0.175 million shares from PT Syailendra Capital. The funding for the acquisition is sourced from internal cash. The transaction has been approved by the shareholders of PT Rizki Lancar Sentosa on August 26, 2013. The payment for this acquisition will be done on September 26, 2013.

PT Sinar Mas Multiartha Tbk (JKSE:SMMA) completed the acquisition of P.T. Rizki Lancar Sentosa from PT. Asuransi Jiwa Sinarmas MSIG and Syailendra Capital on September 26, 2013.