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Feb 06, 2017 14:21:24

Mitra Pinasthika sells 20% stake in MPM Finance

Mitra Pinasthika ($MPMX) plans to sell part of its stake in Mitra Pinasthika Finance (MPM Finance). The company announced its plan to sell 20% stake in MPM Finance to its strategic partner JACCS, a Japanese financing company. Through this plan, the company is going to sell approximately 20% of its shares to JACCS, and will reduce the portion of its stake from 60% to 40%. Concurrently, JACCS will increase the portion of its stake in MPM Finance from 40% to 60%. (Bisnis Indonesia)

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