Darco in deal to supply Indonesian water to Singapore
- From: Vol 4, Issue 7 (July 2003)
- Category: General
- Region: Asia
- Country: Singapore
- Related Companies: Darco and PT Air Bintan Biru (ABB)
The group has signed a conditional sale and purchase agreement to acquire a 10% stake in the company which will negotiate water sales to Singapore on behalf of the Indonesian government.
Darco Engineering, the wholly owned subsidiary of Singapore-listed Darco Water Technologies, has entered into a conditional sale and purchase agreement with Indonesiafs PT Mahaya Naga Biru for the
acquisition of 150,000 ordinary shares, or 10%, of the paid-up capital of its subsidiary PT Air Bintan Biru (ABB).
Darco will pay million for the acquisition which will facilitate the ...
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