Bukaka Ready to be Delisted Bisnis Indonesia, page B1, 2006-03-14
PT Bukaka Teknik Utama Tbk is ready to face its punishment of force delisting from the Jakarta Stock Exchange because the completion of its US$ 87 debt restructure is still unfinished. This will also cause a disclaimer for the company’s 2005 financial report. The company is also ready to face all the consequences in relation to the public share owners of Bukaka, which reaches 40 percent. According to the Jakarta Stock Exchange policy, a company that is force delisted must buy the shares owned by the public. When suspended, Bukaka’s shares on May 6, 2002 was worth Rp.305 per note.
The restructure of debt, which was initially US$ 90 million, was hard to complete because the company lacked a creditor. At the start, Bukaka owed 38 foreign banks. The company will view the audited financial report of 2005 for a clearer picture of its situation.
Public Investors Question Bukaka’s Future Koran Tempo, page A19, 2005-06-28
Investors requested that PT Bukaka Teknik Utama Tbk. confirm its disclaimer status that the company has been receiving four years in a row. They ask that the company provide confirmation to issue in relation to whether or not Bukaka would continue to list its shares in the Jakarta Stock Exchange. Bukaka is currently having some issues in relevance to the transferrable loan certificate (TLC) the company published.
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Bukaka Teknik Utama, PT
Indonesia Company Report
Last Update 12-July-2013
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