Nov 25, 2010

Arpeni Ocean Line surges 5%

The stock of Indonesia’s shipping company, PT Arpeni Pratama Ocean Line (APOL), successfully maintains its gain nearly 5% over the last four days although possibly it might not be able to settle its bonds.
The APOL-coded stocks touched Rp121 in the closing session on 22 November 2010 as today, it has stood at Rp127 or rose 4.95%.
By such level, Arpeni’s market capitalization totaled Rp380.82 billion. Nonetheless, in the information disclosure submitted to Indonesia’s Stock Exchange, Arpeni addressed its doubt to pay the 12th interest of APOL II/2008 bonds maturing on 18 December 2010.
Arpeni said that it will contact the trustee of II bonds to hold a meeting with the shareholders when the period of maturity approaches.
The maturing second interest bonds totaled Rp8.28 billion. The current second bonds valued Rp276 billion with 12% interest per year as the bonds shall mature by 18 March 2013.

Disclosure: No position at the stock mentioned above.  

Print This Article

No comments: