IPTE's shares suspended, board meets

BRUSSELS, BELGIUM: Trading in IPTE's shares has been suspended until the Belgian electronics company provides "adequate information", the financial watchdog CBFA said on Monday.

IPTE's chief financial officer, Hugo Ciroux, said the company would release a statement in the afternoon following a morning meeting of the board, without providing further details.

IPTE, which sets up production and test systems for printed circuit boards as well as undertaking contract manufacturing, suffered a net loss of 6.6 million euros ($9.46 million) in the first nine months of 2009.

It said last month its board was looking at structural measures to improve its automation business and expected to come to a decision in the coming months.