Rule of Bapepam-LK No. IX.E.2. on Material Transactions and Change of Main Business is to limit the issuer transactions valued at or more than 10% of revenues or 20% equity must obtain permission from shareholders.
In that letter, the companies said agreement has signed on September 24, which confirmed the appointment of The Bank of New York Mellon as the administration agent and security agent. Bumi Resources, with a subsidiary of CIC, Country Forest Ltd, which reportedly associated with the restructuring of capital and shares of the issuer associated with Indonesia's largest coal producer.(tw)