Clifford Development Pte Ltd. agreed to acquire 17.2% stake in PT Multipolar Tbk (IDX:MLPL) from PT Inti Anugrah Pratama for approximately IDR 1 billion on December 19, 2021. Under the terms Clifford Development Pte Ltd will acquire 2.52 billion shares for the offer price of IDR 400. OUE expects to fund the Aggregate Consideration for the Transaction from its available cash resources. Completion of the Transaction is not subject to any corporate, regulatory or third party approval or any other condition, and is expected to occur within one business day from the date of the SPA.