PT Adi Sarana Lelang signed a share sale and purchase agreement to acquire 51% of PT JBA Indonesia for approximately IDR 150 billion.

PT Autopedia Sukses Lestari Tbk is an Indonesia-based company. The Company is engaged in automotive business fields ranging from car and motorcycle auctions, online car buying and selling, and car and motorcycle price data providers. Its segments include auction, sales of used cars, and pawn. The Company runs its business through its subsidiary, PT JBA Indonesia (JBA), which is engaged in vehicle auction business in Indonesia. In addition, the Company has launched the Caroline brand, a platform for buying and selling cars online and offline (O2O) that serves retail customers. Its business also includes Caroline.id, JBA New Zealand, Cartalog, and Autopedia Car Exchange. Caroline.id is a car buying and selling platform with three main services, namely selling, buying, and selling, which can be accessed online or visiting the nearest Caroline.id dealer. JBA New Zealand auctions cars, motorcycles, commercial vehicles, and heavy equipment through the floor/offline auction system.