An ICTSI Subsidiary Acquires All the Shares of a Port Operating Company in Indonesia

An ICTSI-controlled Indonesian publicly-listed company submitted on July 4, 2012, a Disclosure Information to the Indonesia Stock Exchange and the Capital Market and Financial Institution Supervisory Agency of Indonesia which will also be simultaneously published in several Indonesian newspapers. The said disclosure confirms that, pursuant to the Conditional Sale and Purchase Agreement dated May 18, 2012, on July 3, 2012 the ICTSI-controlled company completed the acquisition of 100% of the equity interest of PT.PBM Olah Jasa Andal, with the execution of a Deed of Sale and Purchase. PT.PBM Olah Jasa Andal, an Indonesian limited liability company, is engaged in the loading and unloading of general good and/or containers at Port of Tanjung Priok, Jakarta. - https://www.affordablecebu.com/