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Indonesia's Bumi Resources rises 4 pct after shareholders approve CIC debt deal

Reuters - UK Focus

JAKARTA, Jan 13 (Reuters) - Shares in Indonesia's Bumi Resources, Asia's top thermal coal exporter, rose as much as 4.1 percent on Monday after shareholders approved a crucial $1.3 billion debt-for-equity swap deal with China's sovereign wealth fund, CIC.

Bumi shares jumped as much as 327 rupiah, the highest since Dec. 20. The broader Jakarta stock exchange was up 2 percent.

Only one-third of Bumi Resources (Jakarta: BUMI.JK - news) ' shareholders had to approve the deal after the Indonesian company delayed a previous vote from Dec. 20.

Asia Resource Minerals, the London-listed company previously known as Bumi Plc and which owns 29 percent of Bumi Resources, said late on Thursday it would not attend the Indonesian company's shareholder meeting on Friday. ($1 = 12,161.50 Indonesian rupiahs) (Reporting by Andjarsari Paramaditha; Editing by Supriya Kurane)