Suspended for One Day, What's Going On With Tiphone?

By Editorial Team 19/02/2020
Summary

The Indonesia Stock Exchange (IDX) has temporarily suspended the trading of PT Tiphone Mobile Indonesia Tbk's stocks and bonds in all markets on February 18, 2020.

Public disclosure on February 17 stated that the market authority suspended the company's stock and bond trading following an announcement from the Indonesian Central Securities Depository (KSEI). According to KSEI, the TELE-coded company has postponed the payment of the fourth interest and principal of Tiphone II Phase I sustainable bonds in 2019.

According to its announcement on February 18, however, IDX revoked the suspension. Thus, the TELE-coded stock can be traded in all markets, starting from the first session on February 19, 2020.

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