JAKARTA: PT Bursa Efek Indonesia is still waiting for PT Dayaindo Resources Tbk explanation before determine the measure for the company.
Bursa Efek Indonesia Company Assessment Director Hoesen said the market authority several times asked Dayaindo for an explanation related to bankruptcy case.
"We have sent a letter and are waiting for an explanation. They also can be summoned later. If it's bankrupt and uncooperative, we may delist the company," he said in Jakarta, Wednesday (18/7).
Dayaindo faced a bankruptcy lawsuit from SUEK AG, a Switzerland coal distributor. The lawsuit was filed after PT Risna Karya Wardhana Mandiri failed to meet the coal supply contract singed in 2010.
As a result, SUEK claimed they lost up to US$ 1 million to lease a collier. Risna and SUEK then signed a new agreement.
The agreement stated that Risna will indemnify SUEK lost and send the promised supplies of coal. Dayaindo was included as the guarantor if Risna failed to fulfill its promise. (T07/aph)
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