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JAKARTA: PT Central Proteinaprima Tbk (CP Prima) again called on Indonesia Stock Exchange to lift the stock suspension of the company’s stocks in the regular market

 

CP Prima’s Corporate Secretary Armand Ardika said the decision to lift the suspension is necessary to facilitate price discovery in the capital market. The same request had previously delivered by the company management.

 

"The company believes that market participants’ aspirations can be channeled in a better way with the stock trading on the main board," he said in a statement to the Stock Exchange, today.

 

The request was conveyed the management of CP Prima (CPRO-coded stock) after reporting approval from creditors for a scheme of arrangement agreement of dollar bond investors.

 

Armand said it will hand over the documents and supporting files to the Court of Singapore in a few weeks.

 

"The target is expected no later than the company’s extraordinary general meeting of shareholders which will be held in September 2012," he said.

 

According to him, based on the mechanism of the Singapore Court, 75% votes will activate the scheme of arrangement on the completion bond company.(T03/msw)

 

 

 

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