Benny Tjokro bought 75 m Cenko shares
Businessman Benny Tjokrosaputro bought 75 million shares of PT Central Korporindo (Cenko) Tbk at the time one of his companies, PT Suba Indah Tbk, defaulted the payments to creditors, especially Bank Mandiri. Cenko is controlled by Tjokrosaputro family.
It's strange that JSX had just published Benny Tjokrosaputro's letter today while he had sent the letter in June 7, 2006, few days after he bought the shares.
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It's strange that JSX had just published Benny Tjokrosaputro's letter today while he had sent the letter in June 7, 2006, few days after he bought the shares.
Labels: Bank Mandiri
READ MORE!!!
posted by yosef at 7:40 PM
2 Comments:
Pretty late post to this entry.... But just stumbling on this piece of old news reminds all of similarity or pattern to Benny Tjokro's modus operandi.
More recently, he's apparently defaulted, no doubt yet again, on recent payments to creditors (foreign investors no less). And ironically, these would be the same foreign investors that the BEJ article on 9th March mentions (a 'market rumour') as driving the rather incredulous price hikes and trading activity on the counter in recent months.
And it seems there is some MORE noise in CNKO on top of all that - hence the investigation by BEJ for possible stock manipulation. Some sources in the market mentions Benny now involved in a legal dispute with these foreign investors.... bad news indeed for the counter.
Like most things too good to be true - the sky high price was purely fictional. Already losing ground by another 23% earlier today.... with all this trouble brewing there is only one way for CNKO to go.... down, down, down.....
Pretty late post to this entry.... But just stumbling on this piece of old news reminds all of similarity or pattern to Benny Tjokro's modus operandi.
More recently, he's apparently defaulted, no doubt yet again, on recent payments to creditors (foreign investors no less). And ironically, these would be the same foreign investors that the BEJ article on 9th March mentions (a 'market rumour') as driving the rather incredulous price hikes and trading activity on the counter in recent months.
And it seems there is some MORE noise in CNKO on top of all that - hence the investigation by BEJ for possible stock manipulation. Some sources in the market mentions Benny now involved in a legal dispute with these foreign investors.... bad news indeed for the counter.
Like most things too good to be true - the sky high price was purely fictional. Already losing ground by another 23% earlier today.... with all this trouble brewing there is only one way for CNKO to go.... down, down, down.....
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