JAKARTA - The Indonesia Stock Exchange (IDX) has lifted suspension on the shares of PT Bumi Resources Minerals Tbk (BRMS). The shares resumed trading at the exchange at 09:00 Western Indonesian time today (12/4).
Previously, BRMS shares had been suspended since April 2, 2019. The suspension was due to the company’s failure to earn revenue from October 1 to December 31, 2018.
BRMS has complied to the IDX’s request for information, including its Q1 financial statement. Based on the statement, the company managed to earn revenue from its Q1 operational performance.
As previously reported, BRMS has commenced infrastructure development with NFC China and is scheduled to start production from its gold mine project in Palu, Central Sulawesi by the fourth quarter of 2019.
In an official statement, the IDX asks all related parties to continue monitoring information disclosure presented by BRMS. “BRMS will always comply with the capital market regulations in the Company’s effort to add value to its stakeholders,” the company wrote in a press release received by IDNFinancials.com today. (MS)