Anchor Capital Investments Ltd.
Anchor Capital Investments Ltd. (FSE:ACP): Now Acquires 59% Teknik Utama
DGAP-News: Anchor Capital Investments Ltd. / Key word(s): Agreement/Investment 2015-11-23 / 14:04 --------------------------------------------------------------------- Anchor Capital Investments,(NSX: ACI} is pleased to announce the acquisition of 59% of the voting shares in Teknik Utama International Ltd (TUI}. TUI holds 67% of PT lndonusontara Tata Udara, a well-known Indonesian contractor of HVAV and mechanical and electronic services in the oil and gas, power generation, petrochemical and mining sectors. The Company specializes in installation of lifts and air-conditioning systems and has been operating since 2002. Anchor has agreed to pay all costs associated with the listing of TUI on the National Stock Exchange of Australia (NSX} and the Frankfurt Stock Exchange (FSE} and for the raising of US$5.5 million of funding to allow for the expansion of operations of PT lndonusantara Tata Udara. President of Anchor Capital Investments, Mr. NA Mogul stated: " We are very excited to invest in Teknik Utama International and the investment reflects our commitment and faith in the tremendous growth opportunities in Indonesia." "We are equally excited with the commitment from Anchor Capital Investments Ltd and this gives us the working capital to take on more jobs which go begging in Indonesia" said Mr Selamet Widjaja, President and CEO of PT lndonusantara Tata Udara. For further information, please contact: ========================================== INVESTOR AND MEDIA RELATIONS Linda Kirkland pr@anchorcapitalinvestments.com www.anchorcapitalinvestments.com --------------------------------------------------------------------- 2015-11-23 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 415471 2015-11-23
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