See Hup Seng in talks to invest in mini hydropower plant developer

See Hup Seng, an engineering and corrosion prevention services group, said on Tuesday it is in talks to acquire a stake in a developer of mini hydropower plants in Indonesia.

It is looking at paying US$8 million (S$9.9 million) for new shares in Aenergy Holdings Company, a wholly-owned subsidiary of mainboard-listed ISDN Holdings. This would amount to a 25 per cent stake in the enlarged share capital of Aenergy.

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Posted July 30, 2014 by repit in News

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