PT Garudafood Putra Putri Jaya Tbk (IDX:GOOD) made a mandatory offer to acquire an additional 5.48% stake in PT Mulia Boga Raya Tbk (IDX:KEJU) for IDR 95 billion on November 13, 2020. Under the terms of the transaction, PT Garudafood will acquire 82.2 million shares for IDR 1,156 per share. The offer is not bound by any Goverment agreement or requirements except for those specified in the Financial Services Authority Regulation. The offer will commence on November 17, 2020 until December 16, 2020.

PT Garudafood Putra Putri Jaya Tbk (IDX:GOOD) completed the acquisition of an additional 1.6% stake in PT Mulia Boga Raya Tbk (IDX:KEJU) for IDR 26.9 billion on December 23, 2020.