Koh Tji Kiong @ Amir Sunarko entered into a conditional agreement to acquire additional 24.6% in PT SLJ Global Tbk (JKSE:SULI) from PT. Sumber Graha Sejahtera for IDR 95.8 billion on August 15, 2016. As per terms, 766.3 million shares will be acquired for IDR 125 per share. Within 14 business days from the date of the agreement, Amir Sunarko will pay a deposit of IDR 20 billion to the PT. Sumber Graha Sejahtera, with the balance to be paid by way of a bank transfer, upon completion of the transaction. The transaction is subject to approval by the shareholders of Samko Timber Limited, parent company of PT. Sumber Graha Sejahtera and obtainment of all regulatory approvals and consents. On November 11, 2016, the shareholders approved the deal. The deal is expected to be completed within 14 business days from the fulfillment of all the conditions. The consideration will be utilized to optimize balance sheet leverage as well as to provide on-going working capital support for business growth.