Jakarta –
One of the companies owned by the Bakrie family, PT Bumi Resources Tbk (BUMI) will issue Series C common stock through a no-option (non-HMETD) scheme or private placement.
Quoted from the information on the official BUMI website, the number to be issued is 200 billion ordinary shares.
The Company will hold an Extraordinary General Meeting of Shareholders (EGMS) on 11 October 2022 with the agenda for the approval of the corporate private placement transaction in order to improve the financial position.
ANNOUNCEMENT
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The price is set at Rp 120 per share. Then the value of this private placement will reach a maximum of US $ 1.6 billion or equivalent to Rs 24.16 trillion (assuming an exchange rate of Rs.15,100).
Two companies that will enter are Mach Energy Limited (MEL) with address at Two Exchange Square, floor 24, 8 Connaught Place, Central Hong Kong and Treasure Global Investments Limited (TGIL) with address at Enterprise Square, 9 Sheung Yuet Road, Kowloon Bay , Hong Kong. .
The disclosure states that MEL’s shareholder is PT Bakrie Capital Indonesia (BCI), which controls 42.5%. Therefore Clover Wide Limited with 15% shareholding is controlled by Agoes Projosasmito. Then Mach Energy (Singapore) with a 42.5% stake controlled by Anthoni Salim.
As for TGIL, 16.15% of the shares are controlled by PT Aswana Pinasthika, which is controlled by Agoes Projosasmito. Mach Energy (Singapore) Pte Ltd with 83.85% shareholding controlled by Anthony Salim.
Thereafter, MEL will take 85% of the shares issued under the PMTHMETD scheme and TGIL will absorb 15%.
BUMI’s management specifically mentions investors who are entities of the Bakrie corporate group. “The investor has an affiliate relationship with the company because he is an affiliated party of the controlling shareholder,” the note read.
(kl / hns)
