Company Briefs

Top Global plans Indonesian foray

AS PART of its bid to be a regional property developer, Top Global Limited (TGL) is entering the Indonesian property market through a related party transaction. It has proposed to acquire a 71.5 per cent stake in Indonesian property company PT Suryamas Dutamakmur Tbk for a deemed value of about $153 million under a "very substantial acquisition". The vendors of the stake are direct…