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Provider: Wright Reports
Provider: Thomson Reuters Stock Report

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ISDN Holdings Ltd Clarifies On Announcement Regarding Acquisition Of 80% Equity Stake In PT Potensia Tomini Energi

Wednesday, 12 Jun 2013 05:44am EDT 

ISDN Holdings Ltd announced that it clarifies on the announcement dated June 1, 2013 regarding the proposed acquisition of 400 shares in the capital of PT Potensia Tomini Energi (PT PTE). As at the date of this announcement, PT PTE is wholly owned by SSJ and FC who each hold 60% and 40% of the total issued and paid up capital of PT PTE respectively. The Purchase Consideration was arrived at on a willing buyer and willing seller basis taking into account that: PT PTE has not commenced business; no profits are attributable to the Sale Shares; and the net tangible asset value of IDR8 billion (approximately SGD1,036,770 based on an exchange rate of SGD1:IDR7,716.27) attributable to the Sale Shares. 

Company Quote

24 Oct 2014