Monday, July 27, 2009

Indosat studies for delisting of New York bourse

PT Indosat Tbk studies an option for delisting of the New York Stock Exchange (NYSE)due to the fact that it fails to benefit the company.
There are some state enterprises with overseas listing including PT Telekomunikasi Indonesia Tbk (Telkom) listing at the NYSE and London Stock Exchange (LSE).
Besides, PT Timah is also listing at LSE and PT Aneka Tambang Tbk at the Australia Stock Exchange.
Now Indosat shareholders consist of 45.19 percent owned by public, 40.37 percent by Qatar Telecom QSC and the other 14.44 percent by Indonesian government.

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