24 June 1996 00:00 [Source: ACN]
TriPolyta has obtained approval from Indonesia's capital market supervisory agency to be registered as public company. This paves the way for its listing on the Jakarta bourse on 24 June. TriPolyta's Indonesian debut will not involve any public offering of new shares. Instead, its American depository receipts (ADRs) trading on the New York exchange will be unbundled and traded between the US and Jakarta markets. Company officials declined to say how many ADRs will be converted to shares for trading in Jakarta.
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