ISDN Acquires Majority Stake in PT Funda Konstruksi Engineering

MT Newswires

08/21

ISDN Holdings (SGX:I07, HKG:1656) acquired a 51% stake in PT Funda Konstruksi Engineering for 25.5 billion Indonesian rupiahs, according to an after-market filing with the Singapore Exchange on Thursday.

The Indonesian company specializes in upstream engineering, procurement, and construction and downstream operations and maintenance for water conservancy and hydropower projects.

Prior to this deal, Funda Konstruksi Engineering was appointed as the EPC contractor for ISDN's Lau Biang 3 project, the filing said.

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