JAKARTA. IMR Asia Holding Pte. Ltd, a holding company registered in Singapore, plans to acquire 83% of the shares of PT Fortune Indonesia Tbk (FORU).

Based on its official announcement, IMR Asia Holding will take over the shares from PT Karya Citra Prima (KCP). The number of shares to be acquired is 386.13 million shares.

Currently, IMR Asia Holding is in the negotiation stage with KCP regarding the FORU share acquisition process. "The purpose of the acquisition plan is for investment and business development," wrote IMR Asia Holding Management in its official statement.

Later, after the negotiation process and the acquisition of FORU shares are completed, IMR Asia Holding will hold a mandatory tender offer. This is in accordance with Financial Services Authority Regulation (POJK) 9/2018.

According to idnfinancials.com data, FORU's share price in today's trading closed 9.80% or 50 points higher to IDR560 per share. Assuming this price, IMR Asia Holding will at least disburse funds of around IDR 216.24 billion for the acquisition of FORU. (KR/LM)