Polaris Investama (PLAS) divested its securities business, to focus more on property business. It has divested 74.42% stake in PT Universal Broker Indonesia Sekuritas (UBI) in June 29, 2018 to PT Etika Dharma Bangun Sejahtera and PT Gemilang Eka Elok at price of Rp37.25 billion. Meanwhile PT Dampak Sekuritas (75% shares) has been acquired by Korea Investment and Securities Co Ltd at price of US$33.5 million.