VIVAnews - As many as 50 issuers are yet to report their audited 2008 financial reports to the Indonesian Stock Exchange (IDX).
The stock authorities give a time limit until April 31, 2009, for the issuers to submit the accounts.
"We will sanction the issuers if they ignore the deadline," said IDX Director of Listing, Eddy Sugito, through telephone, on Wednesday, April 15.
Sugito explained that the first sanction will that of a warning letter, before a second sanction, a fine of Rp 50 million, takes effect. Meanwhile, the third sanction will be a fine of Rp 150 million.
"If everything is not implemented, they will be suspended," he said.
Based on capital market regulation, the issuers listed at the IDX are obligated to give the audited 2008 financial reports by maximally March 31, 2009.
Translated by: Bonardo Maulana Wahono
Bernuansa Suasana Pegunungan, Lifestyle Bistro Teras by Plataran Hadir di Summarecon Bogor
Teras by Plataran merupakan lifestyle bistro sebagai community hub atau meeting point bagi komunitas dan social activation di kawasan Summarecon Bogor dan sekitarnya.
