PT Arthabuana Karya Mandiri made a tender offer to acquire an additional 27.65% stake in PT Triwira Insanlestari Tbk (JKSE:TRIL) for IDR 16.6 billion on February 19, 2016. PT Arthabuana Karya Mandiri will acquire 331.85 million shares of PT Triwira Insanlestari Tbk for IDR 50 per share. The tender offer will commence on February 22, 2016 and wil close on March 22, 2016.

The payment date is April 1, 2016. PT Onix Sekuritas acted as the broker for the transaction. PT Kustodian Sentral Efek Indonesia acted as the custodian and William Soerjonegoro & Partners acted as legal advisor for PT Arthabuana Karya Mandiri.