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Financial reports late for, MDLN suspended

Jakarta (ANTARA) - Indonesia Stock Exchange (BEI) suspended trading in shares (suspension) PT Modernland Realty Tbk (MDLN), because the exchange authority has not received audited financial statements of the company in 2009.

"Suspension is associated with delivery obligations Audited Financial Report 2009 also the company that has not been submitted to the Indonesia Stock Exchange (IDX)," said Head of Stock Exchange Trading, PJ Andre Toelle in Jakarta Wednesday.

According to this decision refers to the provision II.6.4. Rule Number IH of sanctions, the stock exchange decided to temporarily halt trading in all securities Modernland Realty Market on Wednesday, June 30, 2010, the first session of trading securities until further notice.

"Stock asked interested parties to always pay attention to the disclosure of information submitted by the company," he said.