Top Global Limited (SGX:BHO) agreed to acquire an additional 1.44% stake in PT Suryamas Dutamakmur Tbk (JKSE:SMDM) from two existing shareholders for SGD 0.5 million on March 23, 2017. Under the terms of transaction, Top Global will acquire 68.7 million shares of PT Suryamas Dutamakmur. Post-acquisition, Top Global will hold 72.96% stake in PT Suryamas Dutamakmur. The acquisition will be funded by internal cash resources. The transaction is not expected to have any material impact on the net tangible assets per share or earnings per share of the Top Global Limited together with its subsidiaries for the current financial year ending December 31, 2017.

Top Global Limited (SGX:BHO) completed the acquisition of an additional 1.44% stake in PT Suryamas Dutamakmur Tbk (JKSE:SMDM) from two existing shareholders on May 16, 2017.