PTPP Acquired Affiliated Heavy Equipment Company

Pembangunan Perumahan (PTPP IJ, UR) has acquired 31,995 shares (99.98%) of PT Primajasa Aldodua (PJA), an affiliated heavy equipment company, for IDR44.34bn. The heavy equipment company will be able to internally support PTPP’s core businesses and management targets IDR60bn of revenue generation from this heavy equipment business.