Singapore Stock Market News

ISDN Holdings Limited - Commencing the Construction

StockFanatic
Publish date: Tue, 18 Feb 2014, 10:34 PM
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Yesterday, ISDN Holdings Limited (ISDN) announced the master engineering, procurement and construction (EPC) contract with China Huadian Engineering Co. Ltd (Huadian) for the construction of three mini-hydropower plants in North Sumatra with a combined installed capacity of 24.6 MW plants.

This announcement is an affirmation of their strategy to penetrate into Indonesia's hydroelectric market and to attain our total theoretical profit of about S$42.8m annually. If achieved, the company may be worth a potential price of S$1.58 per share. (Please refer to our snap report on 2 July 2013 for more information)
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