JSX threatens Semen Cibinong

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)