Since the beginning of October 2019, the Business Competition Supervisory Commission (KPPU) has been handing out sentences to the companies that had allegedly violated the law for delaying their notification of corporate action (re acquisition). Among the companies sentenced is PT Citra Prima Sejati, a subsidiary of PT Bumi Resources Tbk (BUMI). The Company was declared guilty in three different cases. PT Citra Prima Sejati thus filed their objections at the South Jakarta District Court.
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