KUALA LUMPUR: HSS Engineers Bhd
(HEB) is acquiring a 12% equity stake in PT Oriental Consultants Indonesia to bolster its regional presence.
PT Oriental, a 55% subsidiary of Oriental Consultants Global Co Ltd, is an Indonesian firm specialising in engineering consultancy services, including engineering design, urban planning services, and construction consultancy.
“Our acquisition of a 12% equity stake in PT Oriental is to take advantage of the booming construction sector in Indonesia, along with our partnership with OC Global in the country. This marks our deeper relationship with OC Global following our earlier venture on project management consultancy for Phase 1B of the Jakarta Light Rail Transit project,” executive vice chairman Tan Sri Ir Kuna Sittampalam said in a statement.
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