Tri Polyta suspension
Tri Polyta suspension
NEW YORK (Dow Jones): The New York Stock Exchange postponed
the suspension of PT Tri Polyta Indonesia's American depositary
receipts from the exchange to March 20 from March 6.
In a press release Friday, the exchange said the two-week
trading extension was granted to facilitate the stock's
transition to an alternate market.
The exchange may, at any time, suspend the security if the
stock's continued dealing isn't advisable.
On Feb. 2, the exchange said it planned to suspend trading of
PT Tri Polyta's ADRs since the company's global market
capitalization was less than $50 million.
The company's ADRs recently traded at 5/8, down 1/16, or 9.1%,
on composite volume of 4,700 shares. Average daily volume is
21,078 shares.