×

STOCKS NEWS INDONESIA-Express Transindo plans November IPO

PT Express Transindo Utama Tbk, an Indonesian taxicab operator, is looking to sell 49 percent of its enlarged capital through an initial public offering (IPO) in November, the company said in a newspaper announcement on Wednesday.

The company aims to sell 1 billion new shares, but the target price has not been fixed, the statement said.

Express Transindo, part of Indonesian conglomerate Rajawali Group, manages 6,002 regular and 43 premium cabs, which operate in Java and Bali islands.

PT Mandiri Sekuritas is the underwriter for the IPO. 1154 (0454 GMT) (Reporting by Andjarsari Paramaditha in Jakarta; Editing by G. Ram Mohan) ((andjarsari.p@thomsonreuters.com)(+62 21 3199 7170)(Reuters Messaging: andjarsari.p.thomsonreuters.com@thomsonreuters.net))

****************************************************************

11:45 STOCKS NEWS INDONESIA-Trading in Perdana Karya suspended The Indonesian stock exchange suspended trading in the shares of PT Perdana Karya Perkasa after the stock jumped 141.57 percent between Sept. 10 and Oct. 2.

"The stock exchange needs to suspend trading of Perdana Karya Perkasa shares on Oct. 3 to cool down the price," the exchange said in a statement.

The coal miner is in the process of acquiring a 5,000-hectare mine in East Kalimantan, the company had said in a statement to the stock exchange last month.

Shares of Perdana soared to their highest in nine months on Tuesday to 220 rupiah, from a year-low of 78 rupiah on July 24, and closed the day at 215 rupiah.

The broader Jakarta Composite Index was down 0.04 percent.

1127 (0427 GMT)

(Reporting by Andjarsari Paramaditha; Editing by Jijo Jacob)

(andjarsari.p@thomsonreuters.com; +62-21-3199 7170 x 909; Reuters Messaging: andjarsari.p.thomsonreuters.com@thomsonreuters.net)

Keywords: MARKETS INDONESIA STOCKSNEWS/EXPRESSTRANSINDO