Bukit Uluwatu Villa (BUVA), managing luxurious Alila Hotel chain, will be taken over by PT Nusantara Utama Investama (NUI) as compensation for payment of BUVA’s debt of Rp882.6 billion. BUVA, which is now controlled by Tjahyadikarta Family, will offer new shares through private placement scheme to NUI as new controlling owner.To subscribe please click here