J Trust Asia PTE. Ltd. signed an agreement to acquire 11.3% stake in PT. Bank Mayapada Internasional, Tbk (JKSE:MAYA) for SGD 57 million on December 24, 2013. The Board is expected to approve the transaction on December 24, 2015. The transaction is expected to be completed on December 27, 2015. HL Bank acted as financial advisor in the transaction.

J Trust Asia PTE. Ltd completed the acquisition of 11.3% stake in PT. Bank Mayapada Internasional, Tbk (JKSE:MAYA) on January 6, 2014.