Shares of King Disuspen
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Shares of King Disuspen
Jakarta (ANTARA) - Indonesia Stock Exchange (BEI) suspended trading (suspension) shares of PT Pillars Raharja Tbk., (King) as of Monday trading.
Termination of stock trading is done because the stock price increased KING unnatural, says Head of Supervision Exchange Transaction, Hassyarnaini Hamdi, the disclosure of information, Monday.
Related increase in prices was a significant cumulative KING stocks, he said, BEI need to suspension in the regular market and cash market.
According to him the King's stock price has experienced a cumulative increase of Rp210 (102.44%) of the closing price of March 2, 2010 for USD 205 to USD 415 on March 19, 2010.
Above reason, said Hamdi, BEI did suspension in order to "cooling down" as from Monday trading
He called on investors and relevant parties to always consider disclosure of information the company submitted.
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