- Created: Monday, 23 November 2015 15:19
Anchor Capital Investments, (NSX: ACI) is pleased to announce the acquisition of 59% of the voting shares in Teknik Utama International Ltd (TUI).
TUI holds 67% of PT lndonusontara Tata Udara, a well-known Indonesian contractor of HVAV and mechanical and electronic services in the oil and gas, power generation, petrochemical and mining sectors. The Company specializes in installation of lifts and air-conditioning systems and has been operating since 2002.
President of Anchor Capital Investments, Mr. NA Mogul stated: “ We are very excited to invest in Teknik Utama International and the investment reflects our commitment and faith in the tremendous growth opportunities in Indonesia."
"We are equally excited with the commitment from Anchor Capital Investments Ltd and this gives us the working capital to take on more jobs which go begging in Indonesia" said Mr Selamet Widjaja, President and CEO of PT lndonusantara Tata Udara.
For further information, please contact:
INVESTOR AND MEDIA RELATIONS Linda Kirkland