JSX threatens Semen Cibinong

Fri, 25 Aug 2000, 00:00 WIB | Source: JP

JAKARTA (JP): The Jakarta Stock Exchange (JSX) said on
Thursday it would suspend trading of cement producer PT Semen
Cibinong next Monday if the latter failed to clarify the
existence of deposits of US$250 million by Friday.

JSX said it had requested that the company clarify its claim
that it had deposits worth $250 million in two banks, Bank
Central Pacific in Vanuatu and the Far East Bank in the Cook
Islands.

The exchange's statement said the deadline for clarification
was made following the company's failure to provide the requested
information in a meeting last week. (bkm)

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