TECHfullyBREWED
FORTUNE PHOENIX INVESTMENT to acquire 20% stake in INOVISI
TECHfullyBREWED
Publish date: Wed, 19 Aug 2015, 03:54 PM
TECHfullyBREWED
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DISRUPTIVE TECH & SPEED TO MARKET-impact on M'sian Tech stars?
Chinese investment company Fortune Phoenix Investment has agreed to acquire a 20 percent stake in Indonesian telecommunications infrastructure services provider Inovisi Infracom. Inovisi said Fortune will acquire Inovisi shares from its holding company Green Pine Enterprises. Green Pine owns a 60.25 percent stake in Inovisi Infracom. No financial details related to the transaction have been disclosed.
Fortune and Inovisi are in talks to finalize the transaction, but no details as to when the transaction would be completed.
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