Jakarta checks Astra trading on sharp price swings

Newswire

By Lily Kurniawati JAKARTA, Nov 26 (Reuters) - The Jakarta Stock Exchange said on Tuesday it is investigating recent stock transactions of Indonesia's leading car maker PT Astra International following sharp price swings. Shares of Astra have been on a roller coaster since the company announced a plan early last week to raise up to 1.5 trillion rupiah ($167 million) through a rights issue to help repay its hefty debts. Astra, 32 percent owned by Singapore's Cycle & Carriage , ...

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