Negotiation Announcement related to the Acquisition Plan of PT Visi Telekomunikasi Infrastruktur Tbk.
Posted on 30th November 2018
In accordance with Article 4 paragraph 1 Financial Services Authority Regulation No. 9/POJK.04/2018 on Acquisition of a Public Companies (“POJK 9/2018”), we hereby submit the information related to the acquisition negotiation whereby PT Tower Bersama Infrastructure Tbk. (“the Company” or “TBIG”) has signed Shares Sale and Purchase Agreement dated 30 November 2018 with PT Amanda Cipta Persada, PT Mulia Sukses Mandiri, Scavino Ventures Ltd., Jonathan Chang, PT Lancar Distrindo dan PT Sukses Prima Sakti (together as “the Sellers”) in relation to PT Visi Telekomunikasi Infrastruktur Tbk. (“GOLD”) shares. TBIG plans to purchase 160,446,200 shares owned by the Sellers representing 51% of the entire issued and paid up capital of GOLD, which if completed, it will trigger a change of control in GOLD (“Acquisition Plan”).
Please see detail in the announcement attached.