APAC Investment 2 Pte Ltd. made a mandatory tender offer to acquire a 15.02% stake in PT Era Graharealty Tbk for IDR 17.4 billion.

PT Era Graharealty Tbk is an Indonesia-based company engaged in real estate agent franchisor and real estate agent services. The Company's main business is engaged in sale of real estate franchises (property brokerage) with brand ERA. Its segments include property agents, franchisees, and royalty. The Company is the holder of the license rights to ERA Indonesia, a real estate master franchise from the United States. ERA Indonesia has managed around approximately 105 Franchisee offices, consisting of 72 Broker Member Offices and 33 Member Broker Branch Offices spread across major cities in Indonesia. Its properties include Gateway Ahmad Yani, Gateway Ahmad Yani, Gateway Pasteur, Gateway Pasteur, Gateway Pasteur, Gateway Pasteur, Pluit Sea Tower Belizze, Kelapa Gading, Metro Gems, Central Coral, Apartment Royal Spring Hills, Kemayoran, South Kembangan, Landmark Residence Apartment, Cicendo, and Parahyangan Residence, and Parahyangan Residence.