PT AGUNG PODOMORO LAND TBK TO DEVELOP SECOND HOTEL IN BALI
July 12, 2012
Jakarta, July 12, 2012. PT Agung Podomoro Land Tbk (“APLN” or “the Company”) – (Ticker IDX: APLN) – announced that it has entered into a conditional share purchase agreement to acquire a 51% stake in PT Bali Perkasa Sukses (BPS) for about IDR 256 billion. BPS owns around 4.5 hectares of land in Seminyak, Bali which will be developed into a four or five star hotel with around 250 to 400 rooms.
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