12 listed firms fined for late reports
12 listed firms fined for late reports
JAKARTA (JP): The Capital Market Supervisory Agency (Bapepam)
has fined 12 bond and share issuers a total of Rp 150.99 million
(US$68,500) for the late submission of their annual financial
reports for 1994 operations.
PT Bank Pembangunan Indonesia (Bapindo), a bond issuer,
received a fine of Rp 59.99 million for a 292-day delay in filing
its annual report, the capital market watchdog announced
yesterday.
The fine of the state-owned bank was the largest among those
imposed on the 12 publicly-listed companies.
PT Aster Dharma Industri was fined Rp 4 million for a four-day
delay, PT Concord Benefit Enterprise Rp 11 million for an 11-day
delay, PT Ultrajaya Milk Industri Rp 5 million for a five-day
delay.
According to Bapepam's ruling, annual reports of listed
companies should be submitted to the capital market watchdog
within 120 days of the end of the book year. Failure to submit
such reports within the set deadline is subject to a fine of Rp 1
million for each delayed day.
Other penalized companies included PT Sarasa Nugraha (with a
fine of Rp 5 million), PT Praxair Indonesia (Rp 8 million), PT
Salindo Perdana Finance (Rp 5 million), PT Tiga Raksa Satria (Rp
2 million), PT Hotel Indonesia (Rp 2 million), PT Bank Tabungan
Negara (Rp 4 million), PT Bank Papan Sejahtera (Rp 19 million)
and PT Intimaraya Gold Industri (Rp 26 million).
Last year, the agency punished 15 bond and share issuers for
similar offenses with fines ranging between Rp 1 million and Rp
60 million.
The recent penalties raised the total amount of fines imposed
this year by Bapepam thus far to share and bond issuers to Rp
1.24 billion.
Top brokers
In another development, the Jakarta Stock Exchange (JSX)
announced yesterday that PT Makindo, which last week carried out
transactions of 226.53 million shares worth Rp 662.57 billion,
took the first ranking of the exchange's weekly top ten brokerage
firms, in terms of trading value, during the week.
Jardine Flemming was in second place, with a total trading
volume of 28.26 million shares worth Rp 100.93 billion and HG
Asia Indonesia in third place, with a trading volume of 12.12
million shares worth Rp 66.74 billion, while Baring Securities,
with a total trading volume of 11.82 million shares worth Rp
60.19 billion and Niaga Securities, with a total trading volume
of around 14.36 million shares worth Rp 56.92 billion, were
respectively in the fourth and fifth places.
WI Carr Indonesia, Lippo Securities, Credit Lyonnais, Wardley
James Capel and Mashill Jaya Securities were respectively in the
sixth, seventh, eighth, ninth and tenth places.(hen)