A PT Bumi Resources (>> PT Bumi Resources Tbk) loan to private-equity group PT Recapital Asset Management has been rolled over for another year after the Indonesian coal miner failed to get early repayment, the Financial Times reported Monday. Previous.
With Thursday’s shareholder vote on Rothschild’s plans for Bumi looming large, Rosan Roeslani’s Recapital Group said it had sold ... and hedge funds Avenue Asia Capital Management and Argyle Street Management. However, several sources involved.
Bumi () slipped 5% on news that the repayment of $231 million by PT Recapital Asset Management did not take place on 27 August as expected. Discussions are now ongoing between Bumi Resources and Recapital regarding a new repayment schedule. Shares in Angel.
It now has a set of portfolios in financial business through underwriting and brokerage house Recapital Securities, fund manager Recapital Asset Management and insurance ... to Rosan to join another miner, PT Bumi Resources ' the crown jewel of the.
In 2009, for instance, it took six months for Recapital Advisory ... is intent on slicing both borrowings and debt structure. Bumi Resources management has targeted $US500m to $US600m of asset divestments this year and are back in talks with China.
Last month, PT Bumi shares fell nearly 20 percent in two days in Jakarta after the company reported a first half loss of around $322m and revealed that an investment fund management group - PT Recapital Asset Management - failed to meet $231m payment owed.
The rating on PT Bumi Resources Tbk. reflects the Indonesian coal producer’s ... Bumi Resources is unlikely to get about US$500 million in total receivables from PT Recapital Asset Management and PT Bukit Mutiara over the next 12 months, further limiting.
At the other end of the table, beleaguered Indonesia-focused miner Bumi was the heaviest FTSE 250 faller, down 8pc. The shares have now lost about 24pc since the group said last week that Recapital Asset Management skipped a deadline to repay a $231.
Bank yang sebelumnya berfokus pada nasabah korporasi ini kemudian berubah haluan menjadi berfokus pada segmen mikro setelah Recapital yang dikendarai taipan Sandiaga S. Uno dan Rosan P. Roeslani masuk sebagai pemegang saham mayoritas .
Mr Rothschild, who founded Bumi with the Bakrie family in 2010, has held talks with potential new investors. The plan, if it succeeds, would remove the Bakries, chairman Samin Tan and PT Recapital Asset Management as Bumi investors. Some in the City feel.
But lawyers acting for Asia Resource Minerals , a coalmining company formerly known as the scandal-hit Bumi , might beg to ... The board also includes Tom Shreve, Recapital’s chief executive, who was the former risk management and compliance director.
Sementara Argyle Street Management Limited telah membeli 7.536.202 lembar saham. Rosan menjual kepemilikan sahamnya sebesar 24.203.452 lembar saham di Bumi Plc. Rosan diketahui memiliki 10 persen saham di Bumi Plc melalui Recapital dan PT .