Bintuni on its share price

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.