JAKARTA – PT Astra International Tbk (ASII) and Hongkong Land Group Ltd will build apartment building on land owned by Astra’s unit PT Brahmayasa Bahtera.
In this cooperation, Brahmayasa Bahtera will issue 66,400 new shares, representing 40% of paid-up capital, to Hongkong Land.
Beside, Astra International through its entity PT Menara Astra will build office building on 7,930 square meters owned by PT Toyota Astra Motor. Tha land is valued for Rp432 billion.