Datang Overseas Energy Investment Co Ltd. acquired 75% stake in PT DSSP Power Mas Utama from PT Dian Swastatika Sentosa Tbk (IDX:DSSA) and PT DSSE Energi Mas Utama for approximately $390 million on December 23, 2020. As per terms, Datang Overseas Energy Investment Co Ltd. acquired 4.14 million shares. PT Dian Swastatika Sentosa Tbk and PT DSSE Energi Mas Utama sold 55.79% and 19.21% stake respectively. Post-completion, Power Mas Utama has changed its name to PT Datang DSSP Power Indonesia. Datang Overseas Energy Investment Co Ltd. completed the acquisition of 75% stake in PT DSSP Power Mas Utama from PT Dian Swastatika Sentosa Tbk (IDX:DSSA) and PT DSSE Energi Mas Utama on December 23, 2020. Matthew Goerke of Hiswara Bunjamin & Tandjung, associate company of Herbert Smith Freehills acted as legal advisor to PT Dian Swastatika Sentosa Tbk.