Bumi resumes trading in London
Tuesday, July 23 2013 - 01:42 AM WIB
LSE-listed Bumi Plc resumed trading on Monday after it was temporarily suspended since April due to irreguralities on its balance since.
The company, which is currently undergoing a separation process due to long-running feud between co-founders Nat Rotschild and Indonesian Bakrie Family, said in a statement that it has published its audited full year results on 31 May 2013.
? ? and the board of Bumi has taken considerable steps to enhance its internal systems and controls in relation to Bumi's 84.7% subsidiary, Berau Coal Energy Tbk. A detailed and rigorous process was undertaken to enhance Bumi's control procedures, which included a third party review. This process is now complete and after consultation with the FCA, the Board now believes that it is appropriate to restore trading,? the company said.
Bumi shares fell by 8.6 percent on Monday.
Editing by Reiner Simanjuntak