Eleven Companies Removed From the Stock Market

Tempo Interactive, Monday, 28 December, 2009 | 21:48 WIB

TEMPO Interactive, Jakarta: Eleven public companies have been removed from the stock market this year mostly for failing to meet the market regulation, more than twice the number delisted last year by the bourse authority.

The Indonesia Stock Exchange said seven companies failed to increase the amount of outstanding shares within two years from November 30th 2007. the companies are PT Bukaka Teknik Utama Tbk (BUKK), PT Courts Indonesia Tbk (MACO), PT Jasa Angkasa Semesta Tbk (JASS), PT Sara Lee Body Care Indonesia Tbk (PROD), PT Sekar Bumi Tbk (SKBM), PT Singleterra Tbk (SING), dan PT Tunas Alfin Tbk (TALF).

PT Daya Sakti Unggul Corporindo Tbk a timber company was removed for bancruptcy ruled by the Commercial Court on September 2009.

The ninth delisted company is PT Jaka Inti Realtindo Tbk for failing to report its business recovery to the bourse authority. The tenth company, PT Apexindo Pratama Duta Tbk (APEX), removed for a violation in chain listing regulation with its parent company PT Mitra International Resources Tbk (MIRA).

The last one, PT Infoasia Teknologi Global, is aplantation fiorm to be delisted on Tuesday (29/12) after it ceased operation.

MUH SYAIFULLAH