11 firms suspended from trade

11 firms suspended from trade

JAKARTA (Dow Jones): The Jakarta Stock Exchange on Monday suspended the shares of 11 companies from trade due to their failure to submit their 1999 financial statements, a JSX official said.

"They failed to meet the July 10 deadline," the official at JSX corporate communication said.

He said JSX management may lift the suspensions as soon as the companies submit their 1999 financial reports to JSX management.

The 11 companies are: PT Indosteel, PT Jiwon Jaya, PT Inti Indorayon, PT Ugar Jaya, PT Texmaco Jaya, PT Bhuwanatala Indah Permai, PT Super Mitory Utama, PT Daya Guna Samudera, PT Texmaco Perkasa Engineering, PT Polysindo Eka Perkasa), and PT Bintuni Minaraya.

JSX management didn't offer further details.