, Singapore

OUE subscribes for all of Indonesian investment holding firm's shares

Its subsidiary Tengara Holdings subscribed for 99.9% of PT Deer Pine Indonesia’s shares for $1.1m.

Through its subsidiaries, property firm OUE has subscribed for all the shares of Indonesian investment holdings firm PT Deer Pine Indonesia, an announcement revealed.

Also read: OUE sells entire equity stake in Nuvest Capital for $1m

The firm’s subsidiary, Tengara Holdings, subscribed for 99.9% of PT Deer Pine Indonesia’s shares for approximately $1.1m (IDR10.99b). OUE’s other subsidiary OUE Coral subscribed for the remaining 0.09% for $1,000 (IDR10m).

Following the subscription, PT Deer Pine Indonesia has become an indirect wholly-owned subsidiary of OUE. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!