Wed, 14 Oct 1998

Tunas Perdana suspended

JAKARTA (JP): The management of the Jakarta Stock Exchange suspended PT Tunas Perdana Securindo from trading in the exchange for the company's failure to submit a report on its net adjusted working capital.

The exchange said on Tuesday that Tunas Perdana could recommence trading once the report had been submitted.

Securities firms are required to maintain net weighted working capital at a minimum of Rp 700 million (about US$77,000). (rid)