Nov 22, 2010

Dynaplast aims to go private

PT Dynaplast Tbk (DYNA) revealed today that the company aims to hold voluntary delisting and go private.
In a formal statement submitted to Indonesia Stock Exchange (IDX) on November 19 2010, IDX starting today has suspended Dynnaplast's stock trading in all markets, awaiting further clarification from the company.
"IDX is seeking explanation from Dynaplast regarding to the matter," the announcement said.
Dynaplast stocks stood at Rp2,250 per share on October 19 2010 and surded 55.57% to Rp3,500 on November 19.

Disclosure: No position at the stock mentioned above.

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