Choosing the Stock Exchange— Not a Partner
Krakatau Steel’s privatization plan has been controversial since 1999. Foreign investors have been refused, while funds have been gathered through the stock exchange.
November 10, 2010
THE shop selling PT Krakatau Steel shares at the Bank Mandiri branch in Jalan Abdul Muis, Jakarta, was already closed on Thursday last week. But Anderson, a would-be retail buyer from Ciputat, Tangerang, has not stopped going there. “Would you believe it, you have to pay in cash, I’m not allowed to make a transfer,” said the 60-year-old man to Tempo. The reason given is that he has only obtained one single lot, alias 500 shares worth Rp425,
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