Indonesia's Bayan shares soar after 30% stake sold to Prabowo-linked tycoon
--------------------------------------------------------------------
Source: Nikkei Asia
Published: 2026-09-18 20:08 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Business, Energy, Economy & Finance, Financial Markets, Business & Economy, Asia Pacific
--------------------------------------------------------------------
Snippet:
Bayan Resources' coal mines in East Kalimantan. The Indonesian company's shares soared 20% on Sept. 18 after it announced a planned sale of 30% of the stock to a politically well-connected tycoon. (Screenshot from Bayan Resources's website)
--------------------------------------------------------------------