Tunas Baru Lampung Says It Has No Role in Managing PML Concessions
Bitget2026/10/23 06:41- Tunas Baru Lampung denied owning shares in Paramitra Mulia Langgeng (PML) or managing its concession land in an October 23, 2026 clarification.
- PML was among seven Indonesian concession holders receiving Singapore environmental notices over suspected links to fires causing cross-border haze.
- The company reported no financial exposure to PML through receivables, loans or guarantees, and no operational dependence on it.
- Transactions with PML were limited to spare parts sales; there were no land-use transactions or plans to convert PML concessions.
- PML is a related party through shared shareholders and overlapping board members.
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