Aseana Insurance Pte. Ltd. made a Mandatory Tender Offer to acquire 12.82% stake in PT Asuransi Bina Dana Arta Tbk (IDX:ABDA) for approximately IDR 540 billion on October 17, 2022. Under the terms, 79,608,746 shares will be tendered for IDR 6,803 per share. Consideration will be funded from Aseana Insurance's internal fund. The Mandatory Tender Offer will be opened for 30-days, starting from October 18, 2022 to November 16, 2022.

Aseana Insurance Pte. Ltd. completed the acquisition of to 7.587319% stake in PT Asuransi Bina Dana Arta Tbk (IDX:ABDA) for approximately IDR 320 billion on November 16, 2022. Aseana Insurance acquired total of 47,115,204 shares that are being tendered. Aseana's ownership has now been increased to 94.77%.