Nov 12 (Reuters) - Sinarmas Land Ltd SINA.SI :
* Group acquired 12.4 million shares of nominal value of IDR1000 each fully paid representing entire shareholding in Pt Permata Kirana Lestari
* Principal activity of Pt Permata Kirana Lestari is that of property development and owner of a piece of land in Bekasi, West Java
* Purchase consideration was settled in cash and financed by internal resources
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