Bumi plc outcome is positive, says company's broker JP Morgan

Bumi plc should focus on separating from the Bakrie Group and restructuring its board after shareholders rejected proposals by co-founder Nathaniel Rothschild, according to the company's advisor JP Morgan on Friday.

Bumi plc should focus on separating from the Bakrie Group and restructuring its board after shareholders rejected proposals by co-founder Nathaniel Rothschild, according to the company's advisor JP Morgan on Friday.

At a highly anticipated meeting Thursday, Rothschild lost his bid to replace 12 of 14 members of the board of the troubled Indonesian coal mining firm.

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