PT Berkah will pay some 2.26 billion rupiah, representing 50% of the total consideration amount upon the signing of the termination agreement. It will pay the remaining 50% in three instalments of 338.7 million rupiah by April 30, 2021, another 564.5 million rupiah by Aug 31, 2021, and the final 1.35 billion rupiah by Dec 31, 2021.
Mainboard-listed Koufu Group, on Dec 30, entered into an agreement for the sale of its stake in PT Super Tea Indonesia to PT Berkah for a consideration of 4.52 billion rupiah ($424,537).
The consideration for the share sale is equivalent to approximately 55% of the book value of Super Tea Indonesia, based on the unaudited financial statements of the company for the financial period ended Sept 30.
