Erdhika fined for defiance

Sat, 27 Jan 1996, 00:00 WIB

JAKARTA (JP): The Jakarta Stock Exchange (JSX) announced that
it had fined PT Erdhika Mulyatama, a securities company, Rp
500,000 (US$217.4) for failure to heed JSX regulations.

JSX's president, Hasan Zein Mahmud, and its supervision
director, Stanislaus Say, reported in a statement yesterday that
Erdhika had failed to execute transactions it had committed to
with PT Sucaco Cable for 100,000 shares at Rp 5,500 each.

"If Erdhika remains defiant, not conducting the transactions
within five working days since Jan. 22, JSX will impose further
sanctions on it in accordance with the prevailing regulations,"
the exchange said. (rid)

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