Asia Agri International Pte.Ltd made an offer to acquire a 30.86% stake in PT Estika Tata Tiara Tbk for IDR 35.5 billion.

PT Estika Tata Tiara Tbk is an Indonesia-based cattle company from upstream to downstream, providing various types of brands and products to consumer needs. The Company is engaged in the manufacturing and distribution of processed foods. Its segments include Distribution and Sales, and Food Processing. The Company's live cattle products include Sapi Steers and Sapi Heifers. Its brands include brands KIBIF, BOSS, KIPAO, MURATO, ADELL, OHAYO, SENTAKU and REDD. Its KIBIF branded products include KIBIF beef bockwurst cheese, KIBIF beef bockwurst original, KIBIF beef bockwurst cheese, KIBIF beef bockwurst blackpepper, KIBIF fried beef sausage, KIBIF premium beef meatballs and KIBIF beef meatballs. Its BOSS branded products include BOSS BAKSO SAPI, BOSS BASIS MERAH, BOSS crispy chicken burger, BOSS NAGET AYAM and BOSS SOSIS BAKAR MINI KEJU. The Company's MURATO branded products include MURATO MINIPAO AYAM, MURATO MINIPAO COKELAT, MURATO SOSIS BAKAR KEJU and MURATO SOSIS BAKAR LADA HITAM.