Surya trading suspended

Surya trading suspended

JAKARTA (JP): The management of the Jakarta Stock Exchange
(JSX) has decided to indefinitely suspend trading in Bank Surya
stock until its shareholders or the government decide on its
status.

JSX management said in a statement Wednesday that Bank Surya
met all criteria for suspension, however, the bank had not yet
been delisted.

While Surya shares are still being traded the company remains
obliged to meet all transparency and reporting requirements.

Bank Surya is one of seven private banks whose operations were
suspended by the Indonesian Bank Restructuring Agency (IBRA) on
April 4. Surya is the only publicly-listed bank which has been
suspended.

IBRA, a government institution set up in January to overhaul
the country's banking industry, has also taken over the
management of six listed private banks and one state bank. (rid)