Jababeka Drops Most in 6 Weeks After Report on Share Sale Delay
PT Kawasan Industri Jababeka fell the most in six weeks in Jakarta trading after PT Onix Capital wrote in a note the Indonesian company had to delay a plan to sell new shares in a rights offer because the documents it filed to the market regulator for obtaining approval weren’t complete.
Jababeka, which develops and sells industrial estates, sank 7.6 percent to 159 rupiah as of 3:43 p.m. local time, set for the sharpest drop since Aug. 5. A call to the company’s office in Jakarta wasn’t answered.
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