Low free float, IDX to suspend shares of 41 issuers
JAKARTA – The Indonesia Stock Exchange (IDX) temporarily suspended trading for 41 issuers during the first session on Friday (31/1). Among them, 13 issuers were suspended in the regular and cash markets since the first session this morning.
According to data compiled by IDN Financials, IDX enforced these suspensions due to the issuers' failure to meet the 7.5% free float requirement and a minimum of 300 shareholders. In addition to suspensions, the capital market authority issued written warnings and fines of IDR 50 million.
Below is the list of the 13 issuers suspended in the regular and cash markets since the first session today:
1. PT Bank JTrust Indonesia Tbk (BCIC)
2. PT Duta Anggada Realty Tbk (DART)
3. PT Fajar Surya Wisesa Tbk (FASW)
4. PT FKS Multi Agro Tbk (FISH)
5. PT Gunung Raja Paksi Tbk (GGRP)
6. PT Lionmesh Prima Tbk (LMSH)
7. PT Multifiling Mitra Indonesia Tbk (MFMI)
8. PT Metro Realty Tbk (MTSM)
9. PT Asia Pacific Investama Tbk (MYTX)
10. PT Plaza Indonesia Realty Tbk (PLIN)
11. PT Kedoya Adyaraya Tbk (RSGK)
12. PT Solusi Bangun Indonesia Tbk (SMCB)
13. PT Wicaksana Overseas International Tbk (WICO)
Furthermore, IDX maintained suspensions on the following 28 issuers:
1. PT Alumindo Light Metal Industry Tbk (ALMI)
2. PT Cowell Development Tbk (COWL)
3. PT Capri Nusa Satu Properti Tbk (CPRI)
4. PT Jaya Bersama Indo Tbk (DUCK)
5. PT Forza Land Indonesia Tbk (FORZ)
6. PT Aksara Global Development Tbk (GAMA)
7. PT Panasia Indo Resources Tbk (HDTX)
8. PT HK Metals Utama Tbk (HKMU)
9. PT Sky Energy Indonesia Tbk (JSKY)
10. PT Kertas Basuki Rachmat Indonesia Tbk (KBRI)
11. PT Steadfast Marine Tbk (KPAL)
12. PT Cottonindo Ariesta Tbk (KPAS)
13. PT Grand Kartech Tbk (KRAH)
14. PT Eureka Prima Jakarta Tbk (LCGP)
15. PT Marga Abhinaya Abadi Tbk (MABA)
16. PT Mas Murni Indonesia Tbk (MAMI)
17. PT Mitra Pemuda Tbk (MTRA)
18. PT Hanson International Tbk (MYRX)
19. PT Sinergi Megah Internusa Tbk (NUSA)
20. PT Polaris Investama Tbk (PLAS)
21. PT Prima Alloy Steel Universal Tbk (PRAS)
22. PT Trinitan Metals and Minerals Tbk (PURE)
23. PT Rimo International Lestari Tbk (RIMO)
24. PT Siwani Makmur Tbk (SIMA)
25. PT Northcliff Citranusa Indonesia Tbk (SKYB)
26. PT Sugih Energy Tbk (SUGI)
27. PT Indosterling Technomedia Tbk (TECH)
28. PT Trikomsel Oke Tbk (TRIO)
(LK/ZH)