In October last year, Bumi Plc, London-based company, finally announced that the proposed takeover of 75% stake in noncoal company PT Bumi Resources Minerals Tbk (BRMS) won't proceed as uncertainty market situation.
Referring to the announcement, the proposed US$2.07 billion convertible bonds issuance had been automatically ceased.
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Disclosure: No position at the stock mentioned above.
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