Harum Energy Splurged AUD 45.03 Million for Additional Shares in NML Australia

PT Harum Energy Tbk (HRUM) invested additional capital in Nickel Mines Limited (NML), a nickel mining company listed on Australia Stock Exchange. Ray A Gunara, the President Director of Harum Energy, announced this news in the information disclosure, quoted Monday (17/5).

It was specified that the additional capital investment was carried out by purchasing 51.256.292 shares of NML, which amounted to AUD 45.03 million, last weekend (12/5). Along with this transaction, the ownership portion of HRUM in NML grew to 6.737% of its entire issued and paid-up capital.

In the companys financial report in Q1 2021, HRUM was reported buying 118.177.219 shares of NML in 2020 for AUD 76.28 million. The total purchase was equal to 4.70% equity of NML.