PT Sinar Kasih Abadi acquired an additional 30% stake in PT Jaya Agra Wattie Tbk from PT Aji Lebur Seketi.

PT Jaya Agra Wattie Tbk is an Indonesia-based company that is engaged in agricultural business. The Company's business focuses on cultivation, processing, agricultural logistics, and marketing activities of rubber and palm oil products. For rubber products, the Company, through its subsidiaries, has location permits and cultivation right for its rubber plantations in Java and South Kalimantan with a total area of approximately 39,334 hectares. Through its subsidiaries, the Company has location permit and cultivation rights for its palm oil plantations in South Kalimantan with an area of over 29,723 hectares. It also owns coffee plantation located in East Java and tea plantations located in West Java. The Company owns nine rubber sheet factories and three rubber crumb factories. It has two units of palm oil processing factories located in South Kalimantan with a total capacity of 90 tons/hour. Its subsidiaries include PT Agri Bumi Sentosa and PT Indo Java Rubber Planting Co.