/ 11 September 2000

JSE SUSPENDS TRADE IN AMLAC

THE Johannesburg Stock Exchange (JSE) has suspended trade in automotive paint company Amlac, citing unusual trading since July. ”A high percentage of the trading in this share since the middle of July 2000 has been undertaken for the accounts of parties who appear to be connected,” the JSE said in a statement. The exchange said Amlac was required to issue a circular on the future operations and prospects of the company and said the share would be suspended until an investigation into the recent trading was complete. Amlac closed on Friday at 440 cents, down from a year high of 540 on August 18 and up from a year low of two cents on July 5. – Reuters