New York, NY, October 24, 2015 --(PR.com
)-- Anchor Capital Investments Ltd - Alhamara Hotels and Resorts
Anchor Capital Investments Ltd (NSX: ACI) is pleased to announce it has acquired a 50% interest in Al Hamra Hotels and Resorts Ltd (Al Hamra Hotels). Al Hamra Hotels owns 97.4% of the shares in PT Alhamara Internasional which, in turn owns a chain of restaurants in Surabaya and on Lombuk Island in Indonesia.
Anchor has agreed in return for its interest in Al Hamra Hotels to pay all costs associated with the company's listing on both the National Stock Exchange of Australia (NSX) and Frankfurt Stock Exchange as well as the costs associated with the raising of US$6 million in the 12 months following listing on the FSE.
PT Al Hamara Internasional plans to open a chain of new restaurants located throughout Indonesia including restaurants in Djakarta, Balam Sumatra, Balik Pap on East Kalimanton and Makassar in South Sulawesi. In addition, it is planning to construct and operate the Alhamara Sofyan Hotel with 156 rooms, as well as restaurants, shops and conference rooms.
In respect of the investment, Mr NA Mogul, President of Anchor Capital Investments said, "This is our first entry into the Hotel and Resort business in Indonesia and we are very excited to enter the sector in the exciting and emerging market of Indonesia."
Mr Bobsaid, President and CEO of PT AlHamra Internasional said, "We are equally excited to Partner with Anchor Capital and to benefit from their expertise in arranging funding to our growth."
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