JSX again warns Texmaco Jaya of possible delisting

Jakarta (Antara News) - The Jakarta Stock Exchange (JSX) has once again threatened to delist the shares of publicly-listed textile company PT Texmaco Jaya (TEJA) if it fails to table a corporate plan to the bourse in one month, a spokesperson said.

The JSX would delist TEJA`s shares due to the suspension of the company`s share trading for the past two years, head of JSX`s real sector listing division Yose Rizal said here Wednesday.

The bourse, he said, suspended Texmaco Jaya`s share trading on February 20, 2004 since the company did not show certainty in its debt restructuring program.

The JSX had since Feb 20, 2004 asked PT Texmaco Jaya to convey a corporate plan to the stock exchange when it was to reoperate at full capacity. But the company failed to do so.

JSX also delisted two subsidiaries of Texmaco Group, namely PT Texmaco Perkasa Engineering and PT Wahana Jaya Perkasa. (*)
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