Indonesia’s Hanson acquires two property developers for $59.26m

Indonesia’s Hanson acquires two property developers for $59.26m

Visual from Hanson website

Indonesia’s property developer PT Hanson International Tbk (MYRX) has acquired majority stakes in two real estate development firms. Worth a combined Rp800 billion ($59.26 million), with lands in Banten province, the acquisitions have added another 1,000 hectares to the company’s land bank.

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