Wednesday, June 5, 2013

ISDN

ISDN: In recent months since 8 Mar 2013, the group had proposed ventures into constructing, operating and maintaining hydropower plants in both Indonesia and Myanmar, as well as the development and the operating of a coal mine and the production of coal. Group has announced that they entered into a non-legally binding MOU with IDI infrastructures Inc to explore opportunities to develop and invest into energy projects and expand international power producer businesses in Asia. IDI-I is a Japanese fund management company with energy infrastructure focused funds, investing in energy and infrastructure assets in Japan and Asia. The Collaboration contemplates ISDN and IDI-I cooperating on selected projects in various Asian markets in areas such as funding, financial structuring and management, and feasibility assessments and technical support. Immediate projects include the ones highlighted above. Counter has requested for lifting of trading halt at 3pm today.

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