25 firms face delisting

25 firms face delisting

JAKARTA (JP): At least 25 companies listed on the Jakarta
Stock Exchange face being delisted due to their worsening
financial performance.

The JSX management said yesterday that the 25 companies were
PT Alumindo Perkasa, PT Aneka Kimia Raya, PT Bank Umum Nasional,
PT Bukaka Teknik Utama, PT Central Proteina Prima, PT Dharmala
Agrifood, PT Surya Hidup Satwa and PT Fajar Surya Wisesa, PT
Anwar Sierad, PT Argo Pantes, PT Concord Benefit Enterprises, PT
Ometraco Corporation, PT Inter Delta, PT Miwon Indonesia, PT
Modern Bank, PT Perdana Ini Investama, PT Sierad Produce, PT
Steady Safe, PT Aster Dharmala, PT Darya-Varia Labotaria, PT
Dharmindo Adiduta, PT Intinusa Selareksa, PT Putra Surya,
Multidana, PT Putra Surya Perkasa, PT Trypolita Indonesia.

The stock market operator said the 25 companies no longer
qualified for listing due to their poor financial performance.
Executives of the companies are therefore required to discuss the
threat of delisting with the JSX management within the next 10
days.

According to the JSX, the net losses of the 25 companies have
swelled to more than 50 percent of their paid-up capital. Almost
a half of them have total equities of less than the minimum
requirement of Rp 3 billion. (hen)