Excelcomindo to add more stocks at stocks market (2/01)

The Indonesian Stocks Exchange (BEI) planned to call for XL to add more stocks through secondary public offering this year. In response to the call, XL president director Hasnul Suhaimi principally approved the plan. “But it is all dependent upon the stock holders,” he said to Tempo last Monday. Hasnul admitted with 0.2 percent of the stocks goes to public, Excelcomindo shares are no longer liquid. “The price becomes fake,” he said. Separately, Excelcomindo corporate secretary Ike Andriani in her letter to the stock market authority said the corporate will make bonds redemption worth by US$350 million to the Bank of New York earlier 2008. the bonds are issued by Excelcomindo Finance Company B.V., the subsidiary is based in Holland.