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November 28, 2015 5:23 PM ET

Food Products

Company Overview of PT Bumiraya Investindo

Company Overview

PT Bumiraya Investindo offers palm plantation services. The company is based in Laut Island, Indonesia. PT Bumiraya Investindo operates as a subsidiary of PT Golden Plantation Tbk.

Laut Island,  


Key Executives for PT Bumiraya Investindo

PT Bumiraya Investindo does not have any Key Executives recorded.

PT Bumiraya Investindo Key Developments

PT Bumi Raya Investindo Plans To Launch IPO

PT Bumi Raya Investindo is planning to launch its Initial Public Offering (IPO) in first quarter of 2014. PT Tiga Pilar Sejahtera Food Tbk (JKSE:AISA) will sell PT Bumi through IPO. Sjambiri Lioe, Finance Director of PT Tiga Pilar Sejahtera Food Tbk said, Tiga Pilar Sejahtera Food is planning to raise IDR 500 billion from IPO of its subsidiary. He added, "The IPO proceeds will be used by Bumi Raya Investindo to acquire new land area of 26,000 to 27,000 hectares in Sumatra. As to acquisition, the company needs around IDR 1.5 trillion to IDR 2 trillion." Tiga Pilar Sejahtera Food had a stake of 65% in Bumi Raya and it will be diluted to below 50% after IPO.

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