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AcroMeta proposes disposal of 67%-owned subsidiary PT Acromec Trading Indonesia for $5,000

Ashley Lo
Ashley Lo • 2 min read
AcroMeta proposes disposal of 67%-owned subsidiary PT Acromec Trading Indonesia for $5,000
The proposed disposal has since been completed as at Sept 30, with PT Acromec ceasing to be a subsidiary of the group.
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AcroMeta Group has announced the proposed disposal of its 67% equity interest in its subsidiary, PT Acromec Trading Indonesia (PT Acromec), for an aggregate consideration of $5,000. 

On Sept 30, the group entered into a share sale and purchase agreement with Anton Setiawan, the general manager of Acromec Engineers, a former subsidiary of the group, which was disposed of on June 11. Acromec Engineers was disposed for an aggregate consideration of $3.3 million. 

Currently, Setiawan holds the remaining 33% of PT Acromec. 

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