JSX to delist Tripolyta, Kopitime

JAKARTA: The Jakarta Stock Exchange (JSX) announced on Monday it would delist chemical company PT Tripolyta Indonesia and information technology company PT Kopitime Dotcom from the composite index board as of July 7.

JSX said that Tripolyta would be delisted because the company failed to submit its third quarter financial report for 2002 and had not distributed dividends for the last five years.

As for Kopitime, JSX said the company could no longer finance its operations following the closure of its two websites. The two websites were closed in July last year because of a lack of revenue from advertisements and members.

JSX will continue suspending trade in the shares of the two companies until they are delisted, to give investors the opportunity to settle trading with the companies. -- JP