Jan 25, 2012

Berlian Tanker & voluntary suspension

Indonesia Stock Exchange (IDX) today announced that it has suspended stocks of PT Berlian Laju Tanker Tbk (BLTA) starting today in all markets.
Division Head of Assessment for Services Companies Umi Kulsum at IDX, in a statement, said the stock halting is due to an information that can substially affect decision of investors.
However, Umi Kulsum has not clearly mentioned the material information in detail. She has not provided information when IDX will remove the suspension.
What kind of substantial information?
Indonesian Central Securities Depository (KSEI) on December 6 reported that Berlian Tanker must pay fee of sukuk ijarah that matured on January 5 2012.
Berlian Tanker is obliged to pat quarterly interest of bond III/2007 that matured on January 5 2012 as well.
After the announcement, there is no update information about the payment of fee and bond interest from Berlian Tanker.

Disclosure: No position at the stock mentioned above.
 
Print This Article

No comments: