What Makes ISDN An Attractive Investment Target For Novo Tellus?

ISDN Holdings (ISDN), a SGX Mainboard-listed multi-engineering solutions company with a market capitalisation value of $90.7 million recently announced that Novo Tellus Capital Partners (Novo Tellus) has acquired a 6.4-percent stake in the Company, or 26,987,295 new subscription shares priced at $0.20 (net $0.196 or HK$1.14 per subscription share). The net proceeds received by the Company, after deducting all related fees and expenses are expected to be approximately $5.3 million (HK$30.7 million).