LONDON (Yosefardi) – Bumi Plc is engaging with the Financial Conduct Authority with the aim of securing approval for the resumption of stocks trading on the London Stock Exchange.
“As soon as possible after the annual general meeting on June 26,” Bumi Plc said Friday (June 21).
Trading of Bumi Plc shares has been suspended since April 20, 2013 pending works to enhance its internal systems and controls at PT Berau Coal Energy (BRAU) Tbk.
“Negotiations pertaining to the separation of Bumi Plc from the Bakrie Group and Bumi Resources (BUMI) are ongoing, including with respect to the unwind of the joint venture agreements between the Bakrie Group and the Borneo Group,” Bumi Plc continued.
BUMI ended higher by 3.7% to Rp560 in Jakarta Friday, while Berau Coal gained 2.62%. Borneo Lumbung (BORN), partner of Bakrie Group in Bumi Plc, meanwhile, ended further down by 1.37%.