ADRPL is 60:40 owned by Auric Capital and OUE.
See also: OUE and Auric Capital to jointly acquire up to 50% stake in Indonesia’s Matahari Department Store
ADRPL had also entered into a sale and purchase agreement with Greater Universal and OUE Investments - subsidiaries of Auric Capital and OUE respectively - to acquire all Matahari shares owned by the two firms, representing 5.32% and 4.8% stakes respectively.
In a filing to SGX on July 15, OUE disclosed that ADRPL received valid acceptances of 21.9% for the VTO. Combined with the purchase of shares from Greater Universal and OUE, ADRPL holds 32% in Matahari.
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Shares in OUE closed at $1.30 on July 14.
Photo: OUE
