Monthly Archives: August 2011
Sims Jaya back door listing via Myoh Technology
August 23rd, 2011
PT Myoh Technology Tbk, a technology information company, plans a back door listing by acquiring coal mining and services PT Sims Jaya Kaltim from Samtan Co Ltd. In an agenda of extraordinary general meeting submitted to Indonesian Central Securities ...
Bumi aims Rp3.9 trio shares buyback
August 23rd, 2011
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) today announces a buyback of 780 million shares or 3.75% of its outstanding shares with a commitment to spend Rp3.90 trillion cash from part of its net profit. Bumi must ...
CIMB Securities underwrites TPS Food rights issue
August 19th, 2011
PT Tiga Pilar Sejahtera Food Tbk (TPS Food) has mandated PT CIMB Securities as a lead underwriter to arrange Rp700 billion rights issue scheduled in the fourth quarter of this year. Corporate Secretary Yuliani Liyuwardi said initially, the company ...
Bakrie Telecom 1H suffers Rp179 bio net loss
August 19th, 2011
CDMA-based cellular operator PT Bakrie Telecom Tbk (BTEL) reported a Rp179.7 billion net loss in the first half of this year from Rp2.72 billion net profit in 1H 2010. In a press statement last night, net revenue slightly increased ...
CMA Indonesia buys Reka Jasa Akses
August 19th, 2011
Bakrie Group, via PT Capital Managers Asia Indonesia (CMA Indonesia), officially acquired 100% stake in PT Reka Jasa Akses worth US$12.5 million or Rp107.03 billion in a bid to penetrate the market of 4G-based technology internet. CMA Indonesia requires ...
Bumi Resources 1H profit up 8.76%
August 18th, 2011
Indonesia’s largest coal exporter PT Bumi Resources Tbk (BUMI) reported a 8.76% increase in net profit for the first half of this year as higher average selling price. BUMI booked US$274.37 million net profit in 1H 2011 from US$252.26 ...
Bumi Minerals 1H net profit surges 96.82%
August 18th, 2011
PT Bumi Resources Minerals Tbk (BRMS), a non-coal subsidiary of coal miner PT Bumi Resources Tbk (BUMI), reported a 96.82% jump in net profit for the first half of this year. In a press statement today, the profit jump ...
Berau Coal 1H net profit surges 270%
August 18th, 2011
Coal miner PT Berau Coal Energy Tbk (BRAU) today reported a 270.43% in net profit for the first half of this year as coal sales volume and average selling price surged. Berau Coal booked US$90.31 million net profit in ...
Berau Coal reserves surges 35% to 467 mio tons
August 17th, 2011
PT Berau Coal Energy Tbk, Indonesia’s fifth largest coal miner, reported a 35% increase in total coal reserves to 467 million tons from 346 million tons, said a new Joint Ore Reserves Committee (JORC) report published in June 2011. ...
Bumi & Berau Coal 1H coal output
August 17th, 2011
Two coal miners PT Bumi Resources Tbk (BUMI) and PT Berau Coal Energy Tbk (BRAU) in the first half of this year reported a 5.48% decrease and 17.07% increase in coal sales volume. In an official statement published by ...