Bank Bali mystery unsolved, while stock surges

Bank Bali gets a recapitalization plan, leaving regulators until October to smoke out those controlling the stock.
August 02, 2000

Indonesia’s controversial PT Bank Bali rose 67% today (Tuesday) – its second day of trading since its two-week suspension ended. Investors snapped up the stocks after the bank announced further details about its Rp5.36 trillion ($600 million) recapitalization plan.

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