SINGAPORE (Yosefardi) – SGX-listed ISDN Holdings Limited has entered into a sale and purchase agreement for the acquisition of 80% shares of PT Potensia Tomini Energi (PTE) for Rp8 billion.
ISDN informed SGX today that the sellers of the shares are Satria Stevie Joesop and Fathurrahman Chairuddin.
PTE is engaged in the business of constructing, operating, and maintaining hydropower plants and the production of electric power in Central Sulawesi.
PTE has an exclusive concession to develop an hydropower plant with a capacity of up to 20 megawatts.