KONTAN.CO.ID - JAKARTA. Indonesia's state construction firm Waskita Karya expects its shares suspension could be lifted soon after the firm won bondholder approval to defer coupon and maturity payments, the company said on Tuesday. The Indonesia Stock Exchange (IDX) last week suspended trading of Waskita's shares as the firm delayed the coupon payment of its 1.3 trillion rupiah ($85.70 million) bonds maturing in 2024. "We continue to coordinate with IDX regarding what supporting documents are needed as a condition for removing the suspension," said Waskita's corporate secretary, Ermy Puspa Yunita.
Indonesia Construction Firm Waskita Expects Share Trading to Resume Soon
KONTAN.CO.ID - JAKARTA. Indonesia's state construction firm Waskita Karya expects its shares suspension could be lifted soon after the firm won bondholder approval to defer coupon and maturity payments, the company said on Tuesday. The Indonesia Stock Exchange (IDX) last week suspended trading of Waskita's shares as the firm delayed the coupon payment of its 1.3 trillion rupiah ($85.70 million) bonds maturing in 2024. "We continue to coordinate with IDX regarding what supporting documents are needed as a condition for removing the suspension," said Waskita's corporate secretary, Ermy Puspa Yunita.