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.