TBO Tek Limited — JV/Acquisition, 29-11-2024: Acquisition

TBO Tek Limited has incorporated a new wholly owned subsidiary, PT TBO Tek Indonesia, to bolster its expansion in the Indonesian market. The subsidiary, authorized with a capital of 10,000 shares priced at Rp. 10,00,000 each, is aimed at providing business support services, including marketing and promotional activities. This strategic move is expected to enhance TBO Tek's operational footprint in the travel industry. With the entire shareholding acquired, the company is positioning itself for future growth in the region, supported by a strong capital base.