PT. Prodia Widyahusada (JKSE:PRDA) and Aw Tar Choon signed a sale and purchase agreement to acquire remaining 40% stake in PT Prodia Stemlife Indonesia from Stemlife Berhad (KLSE:STEMLFE) for $0.70 million in cash on April 26, 2012. Pt. Prodia Widyahusada. will acquire 0.61 million shares representing 35% stake and Aw Tar Choon will acquire 0.09 million shares representing 5% stake in PT Prodia Stemlife. The disposal is not subject to the approval of shareholders and the relevant government authorities. The Board of Directors of Stemlife is of the opinion that the terms of the disposal are in the best interest of Stemlife and its shareholders. The disposal will have no material effect on the gearing ratio and on the earnings of Stemlife Berhad for the financial year ending December 31, 2012. The sale proceeds will be absorbed in as working capital of the Stemlife Group. The transaction is expected to be completed by April 30, 2012. PT. Prodia Widyahusada (JKSE:PRDA) and Aw Tar Choon completed the acquisition of the remaining 40% stake in PT Prodia Stemlife Indonesia from Stemlife Berhad (KLSE:STEMLFE) on May 3, 2012.