Aqua: an Open and Shut Case?

PT Aqua Golden Mississippi Tbk intends to become a private, unlisted company. Stock exchange groups, however, suspect that this is aimed at covering something up.

November 6, 2001

WHO hasnt heard of Aqua? Due to its popularity, this brand of mineral water has become all but the generic name for packaged water in Indonesia. And its manufacturer, PT Aqua Golden Mississippi Tbk is certainly not a piecemeal company. If one looks at Aquas share price of Rp18,000before the Jakarta Stock Exchange suspended trading in Aqua shares on Friday last weekthe public certainly regards them as a bargain especially as the share price of man...

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