
INPP transfers 36.7% subsidiary’s shares to Hankyu Hanshin
JAKARTA -PT Indonesian Paradise Property Tbk (INPP) bags IDR 652.65 billion from divesting 36.7% of PT Narpati Arjaya Properti (NAP) to Hankyu Hanshin Properties ID-BWC LLC, Japan. After this transaction, INPP’s portion in NAP is down to 55.22%. Ispandiati Makmur, Corporate Secretary of INPP, mentioned that the number of NAP’s shares that was divested stood...