Tag: 上海贵族宝贝龙凤

Bumi Resources Mineral to hold private placement to pay debt

first_imgPublicly listed mineral miner PT Bumi Resources Mineral (BRMS) plans to issue US$52 million worth of new shares in a private placement this year to finish paying off a three-year-old debt penalty.The indebted miner is slated to sell all the shares to Singapore-based management consulting firm Wexler Capital Pte, to which BRMS owes the money. The miner plans to request shareholder approval over the debt-for-equity swap during a meeting on June 24.Read also: Omnibus bill to centralize permit processing, offer incentives for miners“After completing this transaction, BRMS’s minority shareholder ownership will only be diluted by 2.3 percent,” BRMS director Herwin W. Hidayat said in a statement on Tuesday.The sale is expected to improve the miner’s debt-to-equity ratio and liquidity, he added.Publicly-listed BRMS owes Wexler $154.96 million worth of shares after the consultancy and other creditors won a court case at the South Jakarta District Court in 2017.Read also: Miners call for more government support amid rising problemsThe miner paid off 65 percent of its debt to Wexler in 2017 and was scheduled to pay off the remaining 35 percent in 2018 but delayed payments twice until this year, according to a BRMS investor notice about the swap uploaded on the Indonesian Stock Exchange (IDX) website on May 18.As of December 2019, Wexler holds a 9.79 percent ownership of BRMS. The miner booked a $1.28 million net profit in 2019, turning around a $103.5 million net loss from the previous year.Topics :last_img read more

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Roma suspend training sessions indefinitely

first_imgRelatedPosts Bayern Munich fans undergo Super Cup coronavirus tests Ighalo: My best moment as ‘Red Devil’ David Silva recovers from COVID-19 Roma have decided to suspend their training sessions indefinitely. The players were scheduled to return to Trigoria on Wednesday, but they will have some personalised programmes to follow at home instead. They received guidelines for athletic condition and nutrition. The injured players will receive video instructions with the team’s staff. Roma have not played in a match since the first leg of the round of 16 in the Europa League against Sevilla. They have sent a letter to UEFA requesting the interruption of the competition before it became official.Tags: AS RomaEuropa LeagueSEVILLATrigoriaUEFAlast_img read more

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