Feb 6, 2012

Arpeni falls 28.33% on resume trading

Shipping company PT Arpeni Pratama Ocean Lines Tbk (APOL) today fell 28.33% to Rp86 a share in the first day trading after Indonesia Stock Exchange removed suspension since December 20 2010.
Division Head Umi Kulsum at Indonesia Stock Exchange today said the suspension removal is in linr with the issuance of series B warrant and bond buyback as part of debt restructuring agreement with creditors.
Disclosure: No position at the stock mentioned above.
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