Ayers Alliance Wealth Management Limited and Niko Abdulrachman signed a conditional sale and purchase of shares agreement to acquire 99.9% stake in PT Onix Securities from PT Onix Capital Tbk (IDX:OCAP) and Hardjanto Adiwana for IDR 48.5 billion on October 3, 2018. Ayers Alliance will acquire 212.5 million representing 85% stake and Niko Abdulrachman will acquire 37.5 million shares representing 14.9% stake. The transaction is subject to corporate approval. Mirawati Sensi Idris Public Accountant Office acted as accountant to compile the PT Onix Capital’s consolidated financial information, KJPP Suwendho, Rinaldy & Partners acted as independent assessors to PT Onix Securities and KJPP Jennywati, Kusnanto & Rekan acted as an independent appraiser to provide fairness opinion to PT Onix Securities. Ayers Alliance Wealth Management Limited and Niko Abdulrachman cancelled the acquisition of 99.9% stake in PT Onix Securities from PT Onix Capital Tbk (IDX:OCAP) and Hardjanto Adiwana on October 3, 2019.