Bumi Mineral re-submits IPO document
Thursday, 19/08/2010 17:49:14 WIB
by: Irvin Avriano A.
JAKARTA: PT Bumi Mineral Resources, subsidiary of PT Bumi Resources Tbk, re-submitted the initial contract document of its stock listing to Indonesia Stock Exchange (IDX).
Director of Corporate Valuation at Indonesia Stock Exchange (IDX) Eddy Sugito said the document submission related to the company’s plan for conducting an initial public offering (IPO).
“We just received the document but I haven’t gone through to details,” he said to Bisnis this week.
The preliminary listing contract process is a prerequisite for submitting a company’s IPO registration document to the Capital Market Supervisory Agency and Financial Institution (Bapepam-LK). The company once had to withdraw the application document since it needed to be revised. (T06/NOM)