VIVAnews - The Indonesian Stock Exchange (IDX) has prepared at least two candidates for evaluating the acquisition of three companies by PT Bumi Resources Tbk (BUMI).
For the time being, the stock authorities is conducting internal examination. However, it has yet to summon the independent evaluators directly.
IDX Director of Listing, Eddy Sugito, said the stock authority is still selecting the independent evaluators. "The selection is open for either foreign or local independent evaluators," he said on Tuesday, March 10.
Sugito went on to say that the IDX will welcome every proposal as long as the candidates are of fine quality especially on coal mining sector.
According to him, the stock authority must sort out the capability of the independent evaluators because there is not much data available concerning the profile of the companies that Bumi acquired.
Earlier, Bumi Resources through its subsidiary PT Bumi Resources Investment took over 89 percent of Pendopo Coal Ltd shares valued to Rp 1.3 trillion.
Bumi Resources Investment also indirectly controlled around 75.74 percent of Fajar Bumi Sakti shares worth Rp 2,47 trillion (US$205.2 million). In addition, Bumi took over 44 percent of PT Darma Henwa Tbk (DEWA) worth Rp 2.41 trillion (US$200.1 million).
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Translated by: Bonardo Maulana Wahono
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