Wednesday, September 06, 2006

Suspension lifted, Bumi trading on negotiable market only

JSX finally lifted the trading suspension on PT Bumi Resources Tbk shares imposed on August 24 following the collapse of US$3.2 billion deal with PT Borneo Lumbung Energi. But the trading to be resumed on Thursday, September 7, would be limited on negotiable market, a move that could prevent the free fall of Bumi shares.

Sources at local investment banks said there are investors who offered to buy Bumi shares at Rp680, 10% lower than the price before the suspension imposed at Rp750.
JSX stated today that the lifting of trading suspension at regular and cash market would be announced later on.




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