JSX suspends trading in Central Korporindo
Tuesday, January 21 2003 - 06:15 AM WIB
The Jakarta Stock Exchange (JSX) on Tuesday has suspended trading shares of South Kalimantan-based coal trader PT Central Korporindo Internasional Tbk. (CNKO), and has asked the company to hold a public expose.
JSX said the suspension had been decided following a hearing with management of CNKO on Monday.
?CNKO must explain to the public its mining activities at Asem Asem in South Kalimantan,? JSX said in a statement, adding that it had also explained the changes over the fund allocation as earlier mentioned in its prospectus.
As previously reported CNKO had been questioned by JSX about its 2003 plans following the drastic fall in the company?s share price.
Currently, CNKO?s share is trading at the lowest price in the bourse, Rp 5 (US$=Rp8,860) each. (robert)