Surabhi Chopra

Equity Bottom-Up

<p>We spoke to <a href="https://www.smartkarma.com/entities/15734" target="_blank" data-smartkarma-citation="entities:15734:1">Bumi Resources Tbk Pt (BUMI IJ)</a>'s management and here are the key highlights. BUMI in the AGM on 16th June 2017 approved the appointment of 6 lenders <span data-dobid="hdw">representative</span> as Directors, addressing corporate governance issues. Four are from CIC, one from China Development Bank (CDB) and one from bond holder. Company is seeking approval from OJK for rights issue and the rights issue effective date should be by 30th June 2017 otherwise the prospectus needs to be resubmitted with 1Q17 numbers…</p>

We spoke to Bumi Resources Tbk Pt (BUMI IJ)'s management and here are the key highlights. BUMI in the AGM on 16th June 2017 approved the appointment of 6 lenders representative as Directors, addressing corporate governance issues. Four are from CIC, one from China Development Bank (CDB) and one from bond holder. Company is seeking approval from OJK for rights issue and the rights issue effective date should be by 30th June 2017 otherwise the prospectus needs to be resubmitted with 1Q17 numbers…

Bumi Resources

BUMI : Quick Update on Rights Issue