iCar Asia Limited (ASX:ICQ) entered into a binding agreement to acquire PT Car Classifieds Indonesia for AUD 4.4 million on September 19, 2019. Under the terms, the consideration will be paid in two payments, AUD 2.9 million will be paid on completion and AUD 1.5 million will be paid on October 15, 2020. The consideration will be paid from iCar Asia's cash reserves. PT Car Classifieds Indonesia will be integrated into its Indonesian operations by iCar Asia Limited. The transaction is subject to finalizing long form documents and is expected to be completed on or about October 15, 2019. As on October 11, 2019, the deal is postponed to October 31, 2019 due to Indonesian regulatory process. iCar Asia Limited (ASX:ICQ) completed the acquisition of PT Car Classifieds Indonesia on November 12, 2019.