Property developer PT Bakrieland Development (ELTY) Tbk has finally issued prospectus related to acquisition of 99.21% shares in PT Mutiara Masyhur Sejahtera (MMS) from PT Minarak Labuan Indonesia (MLI) for a total consideration of Rp3.1 trillion (US$258 million) Wednesday (July 2nd). What Bakrie will do? Developing a resort and spa in the area hit by Lapindo’s hot mudflow?

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