JSX delays plans for delisting measure

JSX delays plans for delisting measure

JAKARTA (JP): The Jakarta Stock Exchange (JSX) said on
Thursday it had delayed until Sept. 12 plans to delist four
companies.

The four companies are PT Super Mitory Utama, PT Dharmala
Sakti Sejahtera, PT Daya Guna Samudra and PT Bintuni Minaraya.

JSX earlier planned to delist the four companies on Sept. 1,
but the agency said in a statement on Thursday it had decided to
delay the delisting until Sept. 12 "to provide adequate
information to the public, especially investors".

JSX suspended trading in shares of the four companies on July
29 after they failed to complete their 1999 financial reports by
the extended deadline of July 24.

JSX said it had given numerous warnings to the companies
before suspending the trading of their shares.

JSX said investors could still buy and sell shares of the four
companies through "negotiation" for 20 days prior to their
delisting, or from Aug. 14 to Sept. 11.

It further said the companies could relist their shares six
months after being delisted at the earliest, providing they
fulfill all requirements. (bkm/jsk)