Jakarta - PT AKR Corporindo Tbk (AKRA), through its subsidiary PT Andahanesa Abadi (AA), has transferred all of its 49% shares in PT Terminal Curah Semarang (TCS) to PT Pelindo Multi Terminal.

"The transaction value is Rp147.862 million," AKR Director Suresh Vembu said in an information disclosure on Thursday (12/8).

TCS is intended for liquid and gas bulk terminal operators in Semarang.

Meanwhile, Pelindo Multi Terminal is a Pelindo subsidiary that manages port business entities in the field of multipurpose terminal operations in Indonesia, such as liquid bulk, dry bulk, general cargo, and so on.