Deleum to undertake due diligence for Indonesian acquisition

KUALA LUMPUR: Deleum Bhd has signed a heads of agreement (HOA) to undertake a due diligence exercise on an acquisition target in Indonesia.

In a statement, the oil and gas services provider said it inked the agreement with five parties, namely OSA Industries Pte. Ltd. (OSA Industries), PT OSA Industries Indonesia (OSAII), PT OSA Megah Indonesia (PT OSA Megah), as well as Ong Siow Aik, a Singaporean, Erik Aristino and Fenty Herlinda, both Indonesian citizens.