The stock market authority has decided to approve proposal from Sinarmas Group for the delisting of PT Berau Coal Energy (BRAU) Tbk, one of the largest coal producers in Indonesia. One of arguments used by Indonesia Stock Exchange (IDX) for the delisting is ‘inability of the Company to show significant indication of recovery’. Really? How do we know the Company’s performance if it has not issued any financial report in the past three years?To subscribe please click here
