Indonesia’s publicly listed property developer PT Agung Podomoro Land (APLN) announced on Monday the completion of a IDR210 billion (USD23 million) acquisition of a 65 percent stake in PT Pandega Citraniaga, a mall owner and operator in East Kalimantan.
The acquisition is part of Agung Podomoro’s business plan to acquire up to 15 projects this year.
(Source: The Jakarta Post)