PT Garudafood Putra Putri Jaya Tbk (IDX:GOOD) signed a memorandum of understanding to acquire 55% stake in PT Mulia Boga Raya Tbk (IDX:KEJU) from a group of shareholders on September 17, 2020. GOOD will acquire 825 million shares of KEJU. Transaction would impact change of control in KEJU.

Transaction will be completed when the parties have reached final agreement.