Bumi Plc works to tighten control at Berau

By Ruli Setiawan

LSE-listed Bumi Plc announced on Friday that it was working to enhance its internal systems and controls at subsidiary Berau Coal, having previously requested that trading of its shares be temporarily suspended.

Bumi Plc said in a statement it is engaging with the Financial Conduct Authority regarding the work that has been done with an aim of securing its approval for the resumption of trading as soon as possible after the company's Annual General Meeting on June 26.

The Board remains committed to the delivery of a separation from the Bakrie Group and Bumi Resources.

Negotiations pertaining to the separation are ongoing, including with respect to the unwind of the joint venture arrangements between the Bakrie Group and the Borneo Group.

Editing by Dadan Wijaksana