PT Pantai Indah Kapuk Dua Tbk (PANI) plans to increase its equity participation of its subsidiary, PT Bangun Kosambi Sukses Tbk (CBDK), through the acquisition of PT Agung Sedayu (AS) and PT Tunas Mekar Jaya (TMJ) shares. The total transaction value reaches Rp16.12 trillion, or equivalent to 54.78% of the companies’ equities. The transaction is aimed to strengthen PANI’s position in the property sector, specifically in the development of Pantai Indah Kapuk 2 (PIK2) areas which are currently developed by Agung Sedayu Group and Salim Group.