Patrick Walujo & Jerry Ng-backed entities close acquisition of Bank Artos

Patrick Walujo & Jerry Ng-backed entities close acquisition of Bank Artos

Jakarta, Indonesia. Photo: Afif Kusuma/ Unsplash

Hong Kong-based investment firm Wealth Track Technology (WTT) and IT service provider Metamorfosis Ekosistem Indonesia (MEI) have completed the acquisition of 51 per cent stake in Bandung-based small lender Bank Artos for a total 242 billion rupiah ($17 million).

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