Tuesday, March 13, 2007

Gas Negara Fined for Breaching Disclosure Rule

PT Perusahaan Gas Negara Tbk, Indonesia's biggest gas distributor, will be fined for failing
to disclose within two working days information that could affect the stock price, the market regulator said.

Gas Negara's president director, directors and former executives must pay a fine of 5 billion rupiah ($54,298) while the company is fined 35 million rupiah, the Capital Market and Financial Institution Supervisory Agency, or Bapepam-LK, said in a statement today.

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