BNBR suffers IDR17.11 trio lost in 2008

BI/market

6/10/2011

Irvin Avriano A.

Bisnis Indonesia

BNBR suffers IDR17.11 trio lost in 2008

JAKARTA: PT Bakrie & Brothers Tbk, the holding company for Bakrie Group, is suffering loss IDR17.11 trillion from selling its five subsidiaries shares back in 2008.

The matter was disclosed on the company's cuasi-reorganization plan prospectus yesterday.

Bumi Resources allocated IDR3.9 trio to buyback

BI/market
23/8/2011
Irvin Avriano A.
Bisnis Indonesia


Bumi Resources allocated IDR3.9 trio to buyback

JAKARTA: Bakrie Group coal miner giant listed company PT Bumi Resources Tbk allocated IDR3.9 trillion to buy back 780 million shares to lift its earnings per share, return on equity and expand access to finance.

The matter is exposed in the information disclosure yesterday, together with its extraordinary general meeting of shareholders (EGM) on September 26th.

"The funds reserved for shares buy back shares for a maximum period of 18 months since the EGM approval is obtained, is not more than IDR3.9 trillion," said Bumi Resources management led byAri Saptari Hoedaja in its announcement yesterday.

BUMI will hand over BRMS

BI/market

11/8/2011

Irvin Avriano A.

Bisnis Indonesia

BUMI will hand over BRMS

JAKARTA: Giant coal emitters owned by Bakrie Family Group, PT Bumi Resources Tbk, declare their intentions to hand over shares of its subsidiary: PT Bumi Resources Minerals Tbk.

The matter was disclosed in their official letter to Indonesia Stock Exchange (IDX/Bursa Efek Indonesia) last night, related to their extraordinary general meeting of shareholders (EGM/RUPSLB)'s agenda.

Bumi Resources Director & Corporate Secretary Dileep Srivastava in the statement didn't explain more details about the disbursement, including the cause, the amount of shares that will sold, or the relation with the Vallar Plc (Bumi Plc) intention to take over Bumi Minerals.

Energi Mega and Bakrie Plantations pledge assets, again

16/5/2011

Irvin Avriano A.

Energi Mega and Bakrie Plantations pledge assets, again

JAKARTA: PT Energi Mega Persada Tbk and PT Bakrie Sumatera Plantations Tbk, both are Bakrie Group companies, intend to pledge most or all of its asset and its subsidiaries, that will proposed on an extraordinary general meeting of shareholders (EGMs) that will held on May 31th and June 1st, respectively.

The action indicated the two companies intend to seek another loan and/or use their shares for loan collateral, like often did before.

Bakrie Plantations appoint Credit Suisse and Deutsche Bank

BI / exchange

15/11/2010

Irvin Avriano A.

Bisnis Indonesia

Bakrie Plantations appoint Credit Suisse and Deutsche Bank

JAKARTA: PT Bakrie Sumatera Plantations Tbk, a listed Bakrie Group plantations company, appoint two global investment banks, Credit Suisse and Deutsche Bank as arranger of issuance of global bonds which amount planned US$200 million.

"The investment bank had eliminate several other banks that participated in the selection of the arranger," said a source in the capital markets whose involved in the transaction to Bisnis yesterday.