New of Corporates Action for Investors, Analysts, and Traders|Wednesday, December 19, 2012
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Darma henwa

Darma Henwa, Prove Energy & Corfield takeovers

Coal mining contractor PT Darma Henwa Tbk (DEWA), an affiliated of coal miner PT Bumi Resources Tbk (BUMI), were in frenzy acquisitions last year. However, the actions have raised questions. The story of the takeovers began on May 22 2007 when Darma Henwa acquired Prove Energy Investments, a British Virgin Islands-based SPV, from Zurich Asset Full Article

Darma Henwa disposes Coal Vista

One of Indonesia’s coal contractor PT Darma Henwa Tbk (DEWA), that is owned by PT Bumi Resources Tbk (BUMI), via its subsidiary dubbed Prove Energy Investments bagged US$80 million from the sale of 100% shareholding in Coal Vista Resources Ltd to Thionvilee Fiancier Ltd. According to DEWA’s Corporate Secretary Didit Setiadi, the company will use Full Article