Beneran gak sih ini rumor ?

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Insider Stories - Behind BUMI-CIC deal

China Investment Corporation (CIC), sovereign wealth fund, is interested to 
snap up notes and warrants which will be unveiled by the biggest holding 
company of coal mining in Indonesia, PT Bumi Resources Tbk, totalling US$1.9 
billion.

As reporterd by Bisnis Indonesia today, both executives of CIC and Bumi are 
scheduled to sign sale and purchase agreement late today in Beijing, China. "If 
the plan runs smoothly, SPA would be signed late afternoon today," a source 
familiar with the matter said.

CIC, an investment arm of China Government, last year made US$200 billion 
investment globally. CIC's investment on Bumi is less than 1% of its global 
investment last year.

"I hear about that [CIC's investment plan on Bumi]. Please ask in detail to 
Dileep Srivastava," Bumi Commissioner Nalinkant Amratlal Rathod said yesterday. 
According to the report, warrants will be converted at Rp4.000 per share.

Samuel International, a holding firm of PT Samuel Sekuritas which run by Miming 
Satyono, plays major role to warp up the deal along with European-based 
investment bank, hired by CIC.

Samuel International is not new comer for Bumi. Market knows that Mrs Satyono 
has good relations with Nalint and Bakrie. So, she helped Bumi to sell medium 
term notes last year to secure cheaper financing.

With 27 years experiences in Indonesia capital market, Mrs Satyono intiated her 
carrer with Citibank N.A. in 1981. She joined establishment of Samuel Sekuritas 
Indonesia in 1992.

If she could run smoothly CIC-Bumi deal, she would be stellar for Bumi 
individual share holders. Now, Bumi shares skyrockets by 6.45% to Rp3,300, 
propelling the entire Indonesia stock market which is running out of fresh 
'blood'.


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