PT Intikeramik Alamasri Industri Tbk (IDX:IKAI) signing of binding sale and purchase agreement to acquire 70% stake in PT Saka Mitra Sejati from Akbar Himawan Buchari and Agung Nugraha for IDR 68.5 billion on August 23, 2018. PT Intikeramik Alamasri Industri will acquire 875 shares of PT Saka Mitra Sejati. The transaction is subject to fulfillment of all the conditions precedent as stipulated in the agreement, including the fulfillment of all terms in regards to the prevailing regulations and after the obtainment of the approvals from the authorized authority in accordance with the prevailing regulations.