Sinarmas Land Limited has acquired 970 shares of nominal value of Rp50,000 each fully paid representing the entire shareholding in PT Sinar Medikamas Invesindo (SMKI), for a total purchase consideration of Rp48.5 billion (equivalent to SGD5,335), resulting in SMKI becoming a subsidiary of the Group. The principal activity of SMKI is that of health care related business.