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Indonesian Stock Exhange Suspends Indosat shares
uusjio | June 8, 2008 at 10:33 pmby
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Jakarta (ANTARA News) - The Indonesian Stock Exchange (ISE) on Monday suspended trading in PT Indosat Tbk (ISAT) shares in all markets until further notice.
The head of ISE`s trading devision, Supandi, said here on Monday the measure was taken because there were media reports PT Indosat was planning to sell 40 percent of its shares to Qatar Telecom.
The ISE was waiting for confirmation about the reports from PT Indosat Tbk, Supandi said.
Singapore Technologies Telemedia (STT) Pte Ltd, a subsidiary of Temasek, and Qatar Telecom (QTel), announced Saturday their joint subsidiary, Asia Mobile Holdings (AMH), would sell its 40.8 percent stake in PT Indosat to QTel. end