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.