Indocopper plans to become "closed company"
Monday, May 20 2002 - 03:18 AM WIB
PT Incopopper Investama Corp Tbk, which is listed on the Surabaya Stock Exchange (SSX) plans to delist its shares from the exchange and become a closed company, Tempo reported on Monday.
The company?s management said in a statement to the SSX that the company?s voluntary delisting from the exchange still waited for the approval of shareholders, which would meet on June 19 to discuss the delisting plan.
The company said it also intended to sell its 10 percent stake in Freeport either to the company?s existing majority shareholders or to other parties. (*)