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Kamis, 02 Juni 2011

Agung Podomoro Acquires Griya Pancaloka - The Indonesia Today

Property developer PT Agung Podomoro Land Tbk (APLN) has acquired 75% shares of PT Griya Pancaloka (GPL) from un-affiliated company.

Griya Pancaloka plans to build and manage hotel at 7.6 hectares land in Nusa Dua, Bali. The investment cost does not exceed 20% of the company's equity, categorized as an immaterial transaction.

APLN lost 2.74% to Rp355 per share today. At this price, it has market capitalization of Rp7.28 trillion.

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