Jakarta - PT Panca Mitra Multiperdana Tbk (PMMP) has signed a strategic cooperation agreement and a share purchase agreement with GK Hebat owned by Kaesang Pangarep.

GK Hebat is a company engaged in the acceleration of the food and beverage processing business.

PT Harapan Bangsa Kita or GK Hebat purchased 188.24 million shares or 8% of all issued and fully paid shares in the company for Rp490 per share.

The transaction is a form of direct investment as a stock portfolio. The total fund spent on the purchase of PMMP shares is around Rp92.2 billion.

"We welcome this strategic collaboration to increase the company's local market penetration, especially in the MSME sector," said PMMP President Director Martinus Soesilo in his statement on Tuesday (9/11).

PMMP and GK Hebat will also form a digitization team supported by one of GK Hebat's business lines, namely GK Plug and Play.

This business line will focus on