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PT Astra Otoparts Tbk Plans to Acquire PT Pakoakuina


PT Astra Otoparts Tbk and PT Pakoakuina have signed an agreement which PT Astra Otoparts Tbk plans to acquire 51% shares of PT Pakoauina by buying minority shareholders’ shares of PT Pakoakuina and buying all new shares of PT Pakoakuina (Transaction).

The purpose of this Transaction is to anticipate the development and increasment of PT Pakoakuina’s production capacity in the next year. The Transaction will be held after all requirements in the agreement and rules and regulations are fulfilled.

PT Pakoakuina
PT Pakoakuina is a company moving in the field of automotive component industry that is alloy wheel rim (velg), both for two-wheeled and four-wheeled vehicles forOriginal Equipment for Manufacturer (OEM) market and export. PT Pakoakuina also owns the stock of its subsidiary, Inkoasku that produces steel wheel rim for four-wheeled vehicles, and has indirect investment in Palingda Nasional which produces steel wheel rim for trucks and buses and for OEM market and export.
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