Yi Shi Deng Holdings (01656) acquires 51% stake in PT Funda to enhance its hydropower capabilities in Indonesia.

Wisdom Finance APP News, Yishideng Holdings (01656) announced that the company plans to acquire 25,500 ordinary shares of PT Funda Konstruksi Engineering (PT Funda) at a price of 100 million Indonesian Rupiah per share. This means acquiring a 51% stake in PT Funda with a total transaction value of 2.55 billion Indonesian Rupiah (approximately 200 million Singapore dollars).