Group 1: Acquisition Details - Yishideng Holdings plans to acquire 25,500 shares of PT Funda Konstruksi Engineering at a price of 100 million Indonesian Rupiah per share, totaling 2.55 billion Indonesian Rupiah (approximately 2 million Singapore Dollars), which will give the company a 51% stake in PT Funda [1] - PT Funda specializes in upstream engineering, procurement, and construction (EPC) for hydropower projects, as well as downstream operation and maintenance (O&M) services, complementing Yishideng's existing renewable energy business focused on small hydropower station development and operation [1] Group 2: PT Funda's Expertise - Although PT Funda was established in February 2024, its leadership team has over 20 years of experience in hydropower project construction, having successfully designed and built over 70 hydropower projects in Asia with a total installed capacity of 4,500 megawatts [2] - The team has established a solid market foundation in Indonesia since 2014, completing four grid-connected hydropower projects with a cumulative installed capacity of 57 megawatts, including Yishideng's first small hydropower project, Labin 1 [2] - PT Funda has over 10 high-quality projects in reserve, with a total planned capacity exceeding 300 megawatts, and has been designated as the EPC contractor for Yishideng's Labin 3 project prior to the acquisition [2] Group 3: Strategic Goals and Market Outlook - The acquisition aligns with Yishideng's long-term strategic goal of providing one-stop renewable energy solutions in Indonesia and expanding market share in a rapidly growing industry [3] - The Indonesian government has announced an ambitious plan to double renewable energy capacity targets, aiming to add 42.6 gigawatts of renewable energy generation facilities and 10.3 gigawatts of storage systems by 2034, increasing the share of renewable energy in the national energy structure from 52% to 74% [3] - Hydropower facilities are expected to account for 27.5% of the planned new capacity, becoming the second-largest source of expansion under the new plan [3] Group 4: Future Opportunities - The government’s initiatives present significant opportunities for the renewable energy sector in Indonesia, driving project pipeline expansion for Yishideng as an operator and opening up prospects for PT Funda in early project development and downstream O&M services [4] - Renewable energy has become a crucial component of Yishideng's business portfolio, providing stable and continuous net cash flow, and the addition of PT Funda is expected to enhance the company's recurring revenue base and long-term business resilience [4]
亿仕登控股(01656)收购PT Funda 51%股权，以加强其在印尼的水电领域能力