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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Asia Resource | LSE:ARMS | London | Ordinary Share | GB00B5BLXT62 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 36.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From May 2019 to May 2024
TIDMBUMI
RNS Number : 9404M
Bumi plc
24 September 2012
Monday 24 September, 2012
Bumi plc
24 September 2012
Bumi plc
("Bumi" or the "Company")
24 September 2012
For Immediate Release
The Company has become aware of allegations concerning, among other matters, potential financial and other irregularities in the Company's Indonesian operations, especially in relation to PT Bumi Resources Tbk, in which the Company has approximately a 29 per cent. interest.
An independent investigation has been commissioned to investigate the allegations on an urgent basis, and is to report to the Board. The Company also intends to contact relevant authorities in the UK and Indonesia, as appropriate, in respect of some of the allegations.
An area of focus of the investigation will be the development funds of PT Bumi Resources Tbk. The extensive development funds in PT Bumi Resources Tbk and the one development asset in PT Berau Coal Energy Tbk were marked down to zero in the accounts of Bumi plc as at 31 December 2011, except for one investment with a carrying value of $39 million in the consolidated financial statements.
A further announcement will be made in due course.
For further information, please contact:
Bumi plc
Nick von Schirnding
Tel: +44 (0) 20 7201 7507
Finsbury
Ed Simpkins
Tel: +44 (0) 20 7251 3801
This information is provided by RNS
The company news service from the London Stock Exchange
END
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