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Without disclosing the amount of investment made, RII said Pandu Logistics stood to benefit from RII's expertise and focus on technological capabilities to expand its operations into the e-commerce and business-to-consumer (B2C) segments. The ceremony was witnessed by Malaysian Ambassador to Indonesia, Zainal Abidin Bakar. The definitive agreements were signed by Bhakty, RII founder and executive chairman Rozilawati Basir, RII co-founder and executive director Indraa Izwaan, and SBIIFBL chief executive officer Amran Mohamad. Bhakty Kasry will end up with a controlling 51 percent stake, RII will have 36.5 percent equity interest, and SBIIFBL, an Islamic financing fund established by SBI Holdings Inc of Japan, will hold the remaining 12.5 percent. With the signing, PSS’ individual shareholders led by its founder and president director Dr H. RII is focused on investments in the courier, logistics and related digital businesses within the region. It has more than 1,500 dedicated employed professionals and trusted partners for various local and international companies in Indonesia for their logistics service needs. Pandu Logistics is Indonesia's only cargo and logistics services provider that operates based on Shariah principles and has been serving the archipelago for over 27 years with an extensive network of more than 200 offices throughout the country. In a statement, RII said it sought to create synergistic values for PSS, which operates under the brand Pandu Logistics, and contribute towards its growth in Indonesia. This follows the signing of definitive agreements with PSS, its individual shareholders, SBI Islamic Fund (Brunei) Ltd (SBIIFBL) and Brunei's Finance Ministry on Tuesday to inject funds into the operations of PSS - said to be among the top five courier and logistics players in the republic - via part equity shareholding as well as through the provision of a convertible debt. JAKARTA (Oct 4): Malaysian investment holding company, RII Holdings Sdn Bhd (RII), has established its footprint in Indonesia’s fast-growing courier and logistics industry by taking a 36.5 percent equity interest in PT Pandu Siwi Sentosa (PSS).