13.01.2014 - Shareholders of Indonesia's Bumi approve CIC debt deal
Shareholders of Indonesia's Bumi Resources, Asia's biggest thermal coal exporter, approved a crucial $1.3 billion debt-for-equity swap deal with China's sovereign wealth fund, CIC, even without the presence of its largest owner. Only one-third of shareholders were required to approve the deal after the Indonesian company delayed a previous vote from Dec. 20. "I hope the deal will be final before Chinese New Year, this month," Andrew Beckham, a director at Bumi Resources, said....................................Full Article: Source
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