PT Multi Agro Gemilang Plantation Tbk (IDX:MAGP) signed a share sale and purchase agreement to acquire 99.99% stake in PT Meta Epsi from PT Waringin Agro Jaya for IDR 140 billion on December 7, 2018. PT Multi Agro Gemilang Plantation Tbk agreed to purchase 0.07 million shares of PT Meta Epsi, representing 99.99% stake. The transaction is funded by the loan took from PT Bengkayang Nabati Indonesia for the amount of IDR 138 billion for 5 years at 4% annual interest.

PT Multi Agro Gemilang Plantation Tbk (IDX:MAGP) cancelled the acquisition of 99.99% stake in PT Meta Epsi Tbk. (IDX:MTPS) from PT Waringin Agro Jaya on December 7, 2019.