Singapore Stock Market News

Bumitama Agri - Material developments

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Publish date: Wed, 13 Aug 2014, 12:44 AM
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In an appeal, Indonesia Supreme Court upheld Forestry Ministry's revocation of a subsidiary's forest relinquishment, resulting in loss of location permit

BAL exploring options, including leasing the said land from the new license holder; and seeking compensation

BAL also set up two subsidiaries to house downstream businesses in energy and refining

No change to forecasts, TP and rating pending release of 2Q14 results
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