BLT cannot comment on rumours, people should act on them in light of their understanding of BLT. BLT is a professional and separate company that is totally independent of Arpeni. If ever we have any dealings with Arpeni, it will be purely on third party basis in the best interests of BLT. We reiterate that BLT has received strong support from the financial community and expects to benefit from the current downturn.
By the way, the amount of market capitalization of BLT as quoted by Debtwire is wrong.
Below is the link to the Investor Daily news
http://rapidshare.com/files/211311299/2009.03.20_Media_News_BLT_Merges_with_Arpeni.pdf
Below is the news report from Debtwire.
Berlian Laju Tanker could merge with Apreni Pratama Ocean Line - report
Story: Berlian Laju Tanker, the listed Indonesia transportation company, could merge with Arpeni Pratama Ocean Line, reported Investor Daily.
The report cited an unidentified source as saying that Bearlian Laju Tanker might merge with Arpeni, the listed Indonesian shipping company, to form a holding Indonesian sea transportation company.
The report noted that Arpeni has a market cap of IDR 443bn (USD 37m), while Berlian Laju Tanker's market cap is IDR 187bn (USD 15m).
Source:Investor Daily (Indonesia), Intel. Grade: Rumored
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