PT AGUNG PODOMORO LAND TBK TO DEVELOP RESIDENTIAL PROPERTIES IN BATAM
November 29, 2012
Jakarta, 26 November, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – announced that it has entered into conditional sale and purchase agreement to acquire an 80% stake in PT Dimas Pratama Indah (DPI) for about IDR 92 billion. DPI has 37 hectares of land including 140 units of high-rise building available for sale. The Company plans to develop the available land into residential complex to offer around 2,200 unit of landed houses.
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