Despite dissapointing result last year, two key executives of TPG Capital has eventually enrolled board of commissioner of PT Bukit Makmur Mandiri Utama (BUMA), Indonesia' second largest coal mining contractor, in February and March of this year.
However, BUMA' parent PT Delta Dunia Makmur Tbk (DOID) now has a 'clean' balance sheet. It seems upcoming rights issue is inevitable for DOID if it wants to expand business. Please login or register to read the remaining story.
Disclosure: No position at the stock mentioned above.
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