Analysis: Odd price movements and Haji Isam’s rumored Bayan acquisition - Academia
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On Aug. 15 three prominent businessmen toured a site in Kutai Kartanegara, East Kalimantan, reportedly to scout potential mining sites. They were tycoon Haji Isam, PT Bayan Resources owner Dato’ Low Tuck Kwong and defense entrepreneur Norman Joesoef. The meeting quickly sparked speculation that Haji Isam was interested in acquiring a 62 percent majority stake in Bayan Resources.
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