The merger between the Jakarta Stock Exchange (JSX) and the Surabaya Stock Exchange (SSX) will be legally set up in early October.
Managing Director of JSX Erry Firmansyah has said that requests over shareholders' agreements will be completed by the third week of September.
“The process of legal, financial and human resource consultation are in progress,” he said in Jakarta last week.
Erry said that the decisions regarding human resources matters will be taken early next week.
“However, I hope that by January 1, 2008 a new structure and composition already exist,” he said.
After the merger, the company's name will still be JSX.
According to Erry, investors, especially foreigners, hoped that there would be no name change.
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