PT Trada Alam Minera Tbk completed the acquisition of 2.19% stake in PT SMR Utama Tbk for approximately IDR 140 billion.
PT Trada Alam Minera Tbk (IDX:TRAM) completed the acquisition of 2.19% stake in PT SMR Utama Tbk (IDX:SMRU) for approximately IDR 140 billion on January 26, 2018. Under the offer, PT Trada Alam Minera Tbk acquired 274.7 million shares. Upon completion, PT Trada Alam Minera Tbk held 6.5 billion shares in PT SMR Utama Tbk.