00:30directly to Bukit Makmur Mandiri Utama PTI Ltd. or BUMA Singapore.
00:39The world's largest mining company, MBTN, co-owned by Sam Doit,
00:43invested USD 60 million in 29 Metals Ltd.
00:48as part of the Geographic Diversification Strategy in Kangguru.
00:54The cooperation was carried out by Doit,
00:56through the company's subsidiary, Bukit Makmur Mandiri Utama PTI Ltd. or BUMA Singapore.
01:02The capital was generated by the signing of the agreement of 229,902,537 shares
01:08which was negotiated by 29 Metals Ltd.
01:11with a value of USD 0.27 per share, or a total value of USD 60 million.
01:18With an assumption of 10,324 rupiah per Australian dollar,
01:22BUMA Singapore invested USD 640 million in the transaction.
01:27This transaction is part of a fund of USD 180 million from 29 Metals
01:34and gives a significant minority right to Doit,
01:37as large as 19.9% in 29 Metals.
01:41As part of the agreement, Doit will be given the right to nominate a non-executive director
01:46in the 29 Metals board of directors,
01:48with the option to nominate a second non-executive director,
01:51if he has more than 20% of the total circulating shares.
01:56The president and director of Delta Dunia Group, Ronald Sutardja,
01:58in his official statement at the opening of the Indonesian Stock Exchange said,
02:03this strategic transaction strengthens the commitment of Perseruan
02:05to do diversification and development towards the future mass community
02:09which is built on the acquisition of significant acquisitions
02:12that Perseruan has recently done.
02:15Team Libutan, IT Action
02:21www.libutan.com
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