PT AGUNG PODOMORO LAND TBK TO DEVELOP HIGH RISE RESIDENTIAL COMPLEX IN SOUTH JAKARTA
April 30, 2013
Jakarta, 30 April, 2013. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – announced that the Company has entered into conditional sale and purchase agreement to acquire 60% stake for about IDR 221 billion in PT Simprug Mahkota Indah (SMI), an unaffiliated company, which owns around 1.6 hectares of land in the Simprug area of South Jakarta. The Company plans to develop the area into a residential complex with three apartment towers and a commercial area.
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