JAKARTA: Wilmar International Ltd, a Singapore-based plantation company, acquired PT Bangun Inti Kencana under indirect acquisition scheme.
The corporate action is published in a disclosure to Singapore Stock Exchange today, May 8. Wilmar acquired 9,500 or 95% of Bangun Inti Kencana shares from 4 shareholders.
Bangun Inti Kencana works on processing, and sale of coconut oil, copra, and other vegetable oils. However, the disclosure does not detail the value or source of the acquisition. (T05/aph)