JSX suspends three stocks

JSX suspends three stocks

JAKARTA (JP): The Jakarta Stock Exchange suspended trading in
stocks in PT Davomas Abadi, PT Anwar Sierad and PT Alakasa
Industrindo on Thursday over their legal battles in the
bankruptcy court.

JSX said in a statement that trading on the three stocks would
resume once each of the three companies gave satisfactory
explanations to the exchange.

According to JSX, Davomas Abadi was facing a bankruptcy suit
from American Express Bank Ltd., while Anwar Sierad was
confronting a bankruptcy claim from Elevation Group Ltd.

Meanwhile, BNP Lippo plans to file a bankruptcy suit against
Alakasa Industrindo. (rid)