Hong Kong-based Road King Infrastructure Ltd continues to boost its investment in Indonesia. On September 27, 2022, its indirectly 75%-owned Kings Bless entered into the conditional sale and purchase agreement (SPA) for acquiring 39.77% equity interest in in PT Jasamarga Semarang Batang (JSB) from PT Waskita Toll Road (WTR), subsidiary of state construction firm Waskita Karya (WSKT), at consideration value of HK$1.98 billion, equivalent to Rp3.82 trillion.To subscribe please click here
