Central Korporindo to hold public expose next month
Wednesday, February 19 2003 - 11:36 AM WIB
Following the suspension of its trading shares, South Kalimantan-based coal trader PT Central Korporindo Internasional Tbk (CNKO) announced on Wednesday it would hold a public expose on March 20.
On January 20, the Jakarta Stock Exchange (JSX) suspended trading shares of CNKO, and asked the company to hold a public expose meeting.
?CNKO must explain to the public its coal mining activities at Asam Asam in South Kalimantan,? JSX said earlier, adding that it had also explained the changes over the fund allocation as earlier mentioned in its prospectus.
Currently, CNKO?s share is trading at the lowest price in the bourse, Rp 5 (US$=Rp8,880) each. (robert)