Hengtong Optic-Electric International Co., Ltd. signed a non-binding intention agreement to acquire 42.97% stake in PT Voksel Electric Tbk (IDX:VOKS) from group of individual shareholders on July 27, 2023. The group of sellers include, Low Tuck Kwong, Low Yi Ngo, Budiman Lius, David Lius, Linda Lius, Tjia Ian Giok @Ellen Sutjiawan, Djiu Sherley, Andrew Putradi Sasmita, Alvin Putradi Sasmita, and Hardi Sasmita. As of December 20, 2023, Hengtong Optic-Electric International Co., Ltd. signed an agreement to acquire 42.97% stake in PT Voksel Electric Tbk (IDX:VOKS) from group of individual shareholders for approximately IDR 400 billion. The transaction does not need to be submitted to the Hengtong Optic-Electric Co., Ltd. board of directors and shareholders' meeting for review.

Hengtong Optic-Electric International Co., Ltd. completed the acquisition of an additional 42.97% stake in PT Voksel Electric Tbk (IDX:VOKS) from group of individual shareholders for approximately IDR 400 billion on December 22, 2023