Bintuni on its share price

Fri, 10 Mar 2000, 00:00 WIB | Source: JP

JAKARTA (JP): Publicly-listed PT Bintuni Minaraya fishing
company explained on Thursday it did not know anything that could
be material to the unusually steep rise in the price of its
shares that prompted the Capital Market Supervisory Agency to
suspend the share trading on Wednesday.

Bintuni's director Rainer Kriesmann said on Thursday, in reply
to reporters' question on the share trading suspension, that the
company was not aware of any major factors such as investment or
divestment plan, tender offer by other investors, debt problem or
bankruptcy lawsuit that could influence the sharp price rise.

"Nor are we aware of any activities by any Bintuni
shareholders that could have fueled such a steep share price
increase," Kriesmann added.

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