PT Hanson International Tbk (JKSE:MYRX) entered into sale and purchase of shares agreement to acquire 99.99% stake in PT Mandiri Mega Jaya from Benny Tjokrosaputro and Jumiah for IDR 4 trillion on July 25, 2013. The deal will be financed from the proceeds of a preemptive rights issue of 8.35 billion shares amounting to IDR 4.59 trillion of which IDR 4 trillion shall be used for the acquisition. Under the terms of agreement, PT Hanson International will acquire 3.99 million shares of PT Mandiri Mega Jaya. For the year ending June 30, 2013, PT Mandiri Mega Jaya reported total assets of IDR 4.28 trillion, total liabilities of 9.17 billion and total equity of 4.27 trillion.

PT Hanson International Tbk (JKSE:MYRX) completed the acquisition of 99.99% stake in PT Mandiri Mega Jaya from Benny Tjokrosaputro and Jumiah in the year ended December 31, 2013.