May 11, 2011

Bukit Makmur & new loan facility

Indonesia's second largest coal contractor PT Bukit Makmur Mandiri Utama (BUMA), a wholly owned subsidiary of PT Delta Dunia Makmur Tbk (DOID), tommorrow schedules to launch a rights issue.
In parallel with the rights issue, BUMA is also aiming to secure new loan facilities from about 10 lenders in a bid to loosen its financial covenants. How much loan does BUMA seek? What is the usage? Please read the remaining stories.

Disclosure: No position at the stock mentioned above.

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