Jul 19, 2011

Bumi aims to buyback shares

PT Bumi Resources Tbk, Indonesia's largest thermal coal exporter, is seeking approval from its shareholders in a bid to buyback its shares.
Director Dileep Srivastava, in an official statement filed to Indonesia Stock Exchange (IDX), said the proposed extraordinary of shareholders meeting scheduled on August 23 2011, is also aimed to seek approval on 75% stake sale of PT Bumi Resources Minerals Tbk (BRMS). 

Disclosure: No position at the stock mentioned above. 

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