IDX to delist New Century Development

Wandrik Panca Adiguna
Wandrik Panca Adiguna - 23 Desember 2010  |  01:57 WIB

JAKARTA: Indonesia Stock Exchange (IDX) shall conduct a delisting over the stock of Indonesias property company, PT New Century Development Tbk (PTRA) by 24 January 2011.

In the official statement unveiled in IDXs website, such delisting relatively corresponds to the Regulation No. I-I on Stock Deletion and Delisting in Indonesias stock market.The market authority delisted the stake of a listed company if it experiences a particular condition or situation that significantly give negative influence towards the companys business continuity seeing from financial and legal perspectives.Prior to such delisting, the market authority facilitated New Centurys stocks trading in the negotiation market for 20 trading days from 23 December 2010-21 January 2011.By such delisting, New Century no longer poses any obligation as a listed company and the market authority shall removed the companys name from the list of Indonesias listing company. (t02/wiw)

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