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Plaza Indonesia Realty fined for late reporting of Citra Asri Property deal

( February 21, 2018, 04:37 GMT | Official Statement) -- MLex Summary: Indonesia’s Business Competition Supervisory Commission has fined Jakarta-listed property manager Plaza Indonesia Realty 1 billion rupiah ($73,616) for the late reporting of its acquisition of Citra Asri Property in 2014. The value of the merged assets was 4 trillion rupiah ($294 million), which the commission said exceeded the notification threshold of 2.5 trillion rupiah, and that Plaza Indonesia should have reported the deal within 30 working days of its effective date of Nov. 4, 2014.The KPPU’s statement follows:...

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