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Latest Columns BNBR

  • Shares of Bakrie & Brothers Plunge after Reverse Stock Split

    Trading in shares of Bakrie & Brothers, which are listed on the Indonesia Stock Exchange, have again been suspended by authorities (for the second time this month) due to a massive decline in the share price. The plunge occurred after Bakrie & Brothers conducted a 10:1 reverse stock split in late-May 2018. Through this corporate action the company reduced the total number of its outstanding shares.

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  • Indonesia's Bakrie & Brothers Offers Convertible Bonds to Creditors

    One of Indonesia's long standing companies - and also one of the most controversial ones in Indonesia - Bakrie & Brothers plans to offer part of its shares to creditors Mitsubishi Corporation, Glencore International, and Eurofa Capital Investment in a debt for equity swap. This plan is part of the company's efforts to restructure USD $453 million worth of debt through mandatory convertible bonds. Indra Ginting, Chief Investor Relation Officer at Bakrie & Brothers, confirmed the company owes Mitsubishi USD $150 million, Glencore USD $200 million, and Eurofa Capital USD $103 million.

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