{
  "id": 3670591,
  "title": "Singapore-born billionaire Low Tuck Kwong reportedly negotiating sale of majority stake in flagship coal mining firm",
  "url": "https://urgent.news/2026/08/27/singapore-born-billionaire-low-tuck-kwong-reportedly-negotiating-sale",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-27T04:55:11.000Z",
  "source": {
    "name": "VnExpress Business",
    "slug": "vnexpress-business",
    "url": "https://e.vnexpress.net/news/business/companies/singapore-born-billionaire-low-tuck-kwong-reportedly-negotiating-sale-of-majority-stake-in-flagship-coal-mining-firm-5114015.html"
  },
  "original_language": "en",
  "account": "Singapore-born billionaire Low Tuck Kwong is reportedly in discussions to sell a majority stake in his flagship coal mining firm, Bayan. Several parties, including an Indonesian tycoon named Andi Syamsuddin Arsyad, have expressed interest in the sale, according to Bloomberg. However, a definitive sale remains uncertain at this stage. Given Bayan's limited free float, the stake is expected to be sold at a discount, sources say. Low and his daughter currently own roughly 62% of Bayan. The company's management was unaware of any planned takeover or acquisition involving the stake by Andi or his affiliates, stating that they had no information on the identities of the parties involved or the structure of the potential transaction. Although the controlling shareholders have informed management about their willingness to periodically evaluate opportunities to maximize their investment in the company, the exact number of shares that could change hands and the value of any such deal remain unknown. Haji Isam, as Low is known, is one of Indonesia's most politically connected businessmen and has built his wealth through various ventures, including coal, palm oil, shipping, logistics, and aviation.",
  "summary": "Singapore-born Indonesian billionaire Low Tuck Kwong is reportedly negotiating the sale of a majority stake in his flagship coal mining firm PT Bayan Resources, with potential buyers including a rival tycoon.",
  "key_points": [
    "Singapore-born Low Tuck Kwong negotiating majority stake sale in Bayan",
    "Indonesian tycoon Andi Syamsuddin Arsyad interested in the sale",
    "Stake expected to be sold at discount due to limited free float"
  ],
  "editors_take": "A potential sale of Low Tuck Kwong's majority stake in Bayan could reshape the coal mining firm's ownership and control, likely at a discounted price due to the company's limited free float.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}