Jakarta - PT Bumi Resources Minerals Tbk (BRMS) through PT Bumi Sumberdaya Semesta (BSS) has placed US$123.750 million or equivalent to Rp1.772 trillion in PT Andalan Anugerah Sekarbumi (AAS).

Based on the company's disclosure of information submitted to the IDX on Thursday (30/12), AAS is an intermediary party that searches for potential gold mining assets in the Sumatra region.

In December 2021, AAS has realized business development project funds into shares in PT Linge Mineral Resources (LMR), a gold mining company located in Aceh.

To realize the business development project funds into an investment, BSS intends to convert its claims against AAS into shares of 9,329 new shares of AAS or equivalent to 60.86% of the total paid-up capital of AAS.

The transaction value is US$123,750 million or equivalent to Rp1.772 trillion, of which the exercise price is Rp190 million per share.

The transaction value is around 20.74% of BRMS'