Property developer PT Bukit Uluwatu Villa Tbk (BUVA) agreed to acquire 105,000 shares of PT Nusapacific Island Investment from PT Bukit Nusa Harapan at Rp127.50 billion.
According to Franky Tjahyadikarta, President Director of Bukit Uluwatu, the company has antered into a share sale an purchase agreement on April 9 2012.
The first payment of Rp20 billion was made by Bukit Uluwatu when the agreement was signed. The remaining payment of Rp107.50 billion will be made after Bukit Uluwatu obtains financing at the latest date of June 30.
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