SSEK Acts for Indonesian Conglomerate in Acquisition by Singapore Holding Company
SSEK Legal Consultants acted for The Gesit Companies, a diversified Indonesian conglomerate that operates in the property, trading and services, manufacturing and natural resources sectors, in a transaction with MEA Commercial Holdings Pte. Ltd. (MEACH), a leading Singapore holding company that focuses on real estate investments.
SSEK assisted The Gesit Companies in the successful sale to MEACH of a substantial stake in PT Gesit Sarana Perkasa (PT GSP), a limited liability company that owns JS Luwansa Hotel and Convention Center, a property in the Jakarta business district of Kuningan.
SSEK reviewed the transaction documents and assisted Gesit in the transaction closing.
The SSEK team for this matter was led by senior partners Dyah Soewito and Ira A. Eddymurthy, with associates Syarifah Reihana Fakhry and Vicky Karnadi.