Red Planet Purchases 99.95 Percent of Shares Karya Bangun Hotelindo

INDUSTRY.co.id - Jakarta (ANTARA News) - PT Red Planet Inonesia Tbk (PSKT) explained that it has purchased 1,999 shares equal to 99,95% of PT Karya Bangun Hotelindo's capital (PT KBH) on September 28, 2017.

With the purchase of shares of PT KBH which hAVE 2.500 m2 land will provide an opportunity for the company in developing the business as a chain hotels by the name of Red Planet Hotels.

Quoting information disclosure on the IDX this weekend, the purchase of the shares was obtained from shareholders of PT KBH, among others Mawardi Koe and Suwandi Koe. Both have no relationship with the company.

The scope of business activities of PSKT is the hospitality business by providing all facilities including bar, restaurant, meeting place and other facilities that can support the progress of the business.

PSKT's shareholders include Red Planet Holdings (Indonesia) Limited (72.85%), PT Crio Indonesia (11.92%) and UOB Kay Hian (Hong Kong) Ltd (6.35%).