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MARKET MOVING: 3 Issuers pay fines

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JAKARTA: Three companies whose shares were suspended have paid fines due to overdue in reporting its financial statement to PT Bursa Efek Indonesia (BEI).

BEI Corporate Assessment Director Hoesen said the fines paid are varying in amounts depending on how long the overdue. 60 days overdue will be fined IDR50 million while 90 days overdue will be fined IDR150 million.

He said the companies non-compliance to report their financial condition could be caused by many things such as internal problem that cannot be immediately resolved. (T07/aph)
 

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