AYALA-LED Manila Water Co., Inc. has acquired 20 percent of the outstanding capital stock of a bulk water supplier in Indonesia, expanding its presence in the Asian country.
In a disclosure, Manila Water said on Wednesday its Indonesian unit PT Manila Water Indonesia (PTMWI) had signed a share purchase agreement with PT Triguna Rapindo Mandiri to acquire 4,478 shares of PT Sarana Tirta Ungaran (STU).
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