Aug 18, 2010

IDX suspends Indomobil Internasional

Indonesia Stock Exchange (IDX) this morning officially announced the temporary suspension of PT Indomobil Sukses Internasional Tbk (IMAS) shares, which begins today.
In the announcement, IDX mentioned that the stock suspension was done because the occurrence of a significant cumulative increase in the share's price or jump by IDR1,500 or 150% from the closing price on August 9 of IDR1,000 per share to IDR2.500 per share on August 16.
Suspension of the listed company coded with IMAS is only valid in the regular market and cash market in order to provide sufficient time for market players to be careful in making decisions to invest in this shares.

Disclosure: No position at the stock mentioned above.

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