JSX suspends trade of Barito's shares

JAKARTA: The Jakarta Stock Exchange (JSX) halted trading in shares of the country's leading wood-based product manufacturer, PT Barito Pacific Timber, pending the payment of interest on its bonds amounting to Rp 33 billion (US$3.55 million)

The bourse said in a statement issued on Monday that Barito had not paid the fourth payment of interest on the bonds it had issued in 2002 to its representative, PT Kustodian Sentral Efek Indonesia.

The JSX has suspended the trading of Barito's shares as of its Monday morning session until the company has fulfilled its financial obligations and reported on its performance, the statement said. -- JP