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UE E&C Ltd Announces Setting Up Of Subsidiary

Friday, 20 Sep 2013 05:24am EDT 

UE E&C Ltd announced that the Company has set up a 95%-owned subsidiary by the name of PT. UE Prima Nusantara (PTUEPN). The Company‚Äôs 95% equity interest in PTUEPN is held through PT. UE Power Engineering Services, an indirect wholly-owned subsidiary of the Company. The balance 5% equity interest in PTUEPN is held by an unrelated and independent party. PTUEPN is incorporated in Indonesia with an initial issued and paid-up share capital of US$500,000 represented by 500 shares. Its principal business activities are that of engineering services, export and import, rental services of generators and other related equipment, after sales services maintenance and repair of equipment. 

Latest Developments for UE E&C Ltd

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0.03 +2.40%
30 Sep 2014