Hawthorn-Capital Investment Pte Ltd made a tender offer to acquire remaining 48.06% stake in PT Dwi Guna Laksana Tbk (IDX:DWGL) from PT Prima Samoda, PT Dian Ciptamas Agung and other shareholders for approximately IDR 410 billion on May 22, 2019. Hawthorn-Capital Investment Pte Ltd will acquire 4.15 billion shares of PT Dwi Guna Laksana Tbk for IDR 99.05 per share. PT Dian Ciptamas Agung stated that he will not sale his portion of shares in the offer. The offer period will commence from May 21, 2019 to June 20, 2019. PT Sinarmas Sekuritas acted as financial advisor in the transaction and will charge a transaction fee of 0.35% of the transaction’s value. Pt Sinartama Gunita acted as registrar to in PT Dwi Guna Laksana Tbk.