Financing firm Radana Bhaskara Finance (HDFA) announced on Monday (Nov 25) that Rubicon Investments Holding Pte Ltd had replaced PT Tiara Marga Trakindo (TMT) as its controlling shareholder. Rubicon purchased 47.51% HDFA shares from TMT, PT Inti Investasi Prima (IIP), PT Eliora Lumina Indonesia (ELI), and PT HD Corpora (HDC). The 1.1 billion HDFA shares were priced at an average price of Rp66.53 per unit or Rp731.8 billion in total.
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