Four firms to list on SSX

Four firms to list on SSX

SURABAYA (JP): At least four small and medium-size companies
will soon float their shares on the Surabaya Stock Exchange
(SSX), the exchange's president said here on Thursday.

SSX president Anton Natakoesoemah said the four companies were
leasing and consumer financing firm PT Dana Supra Erapasific,
hotel owner PT Pembangunan Graha Lestari, cable television
provider Tanjung Bangun Semesta and restaurant chain PT
Setiamandiri Mitratama.

"All the companies are prepared to float their shares on the
exchange," Anton said following the signing of a cooperation
agreement between the SSX and the Association of Indonesian
Shoemakers.

He said the cooperation was part of the exchange's program to
encourage small and medium-size companies to float their shares
on the East Java-based stock exchange.

Previously, the SSX signed a similar agreement with the
Association of Indonesian Textile Producers.

Anton said unlike those companies already listed, the four
firms would only list their shares on the Surabaya market. Most
companies currently trading on the Surabaya Stock Exchange are
also listed on the Jakarta Stock Exchange. (nur/hen)