Link: https://links.sgx.com/1.0.0/corporate-announcements/LL0TIC1B266JXQGB/72ebd669e0888c67994955846076cffc47ec49589a4b3eea36c39ef81522f1a6

Summary:

• First Resources Limited has successfully completed the acquisition of a significant stake in PT Austindo Nusantara Jaya, Tbk.
• The acquisition involved the purchase of 3,057,981,688 shares, representing approximately 91.17% of the issued and paid-up capital of PT Austindo Nusantara Jaya, Tbk.
• The sellers in the transaction were PT Austindo Kencana Jaya, PT Memimpin Dengan Nurani, Sjakon George Tahija, and George Santosa Tahija.
• Following this acquisition, PT Austindo Nusantara Jaya, Tbk is now a subsidiary of First Resources Limited.
• First Resources Limited is required to conduct a mandatory tender offer to acquire the remaining approximately 8.83% of the shares in PT Austindo Nusantara Jaya, Tbk.