Deleum Berhad has inked a Heads of Agreement (HOA) to undertake a due diligence exercise on an acquisition target in Indonesia as part of its power and machinery business in that republic.
In a statement on Monday, the oil and gas services provider said it had entered the HOA with five parties, namely OSA Industries Pte Ltd (OSA Industries), PT OSA Industries Indonesia (OSAII), PT OSA Megah Indonesia (PT OSA Megah), as well as Ong Siow Aik, a Singaporean, Erik Aristino and Fenty Herlinda, both Indonesians.
TheEdge04 Mar, 2024 13:52pm - 1 month