JAKARTA - The Indonesia Stock Exchange (IDX) temporarily suspended the trading of shares of PT Modern Internasional Tbk (MDRN) in the first session of securities trading, Wednesday (1/2).

As quoted from the IDX's disclosure of information, Mugi Bayu Pratama, Ph. Head of Corporate Assessment Division 2 stated that the reason for the transaction suspension was because there was uncertainty over the business continuity of the MDRN issuer. "A market-wide shutdown," he said.

Until now, MDRN has only submitted its 2021 Financial Report. In 2021, the company experienced an equity deficit of IDR 411.01 billion, a deficit of IDR 537.94 billion in 2020, and in 2019 it experienced a deficit of IDR 330.35 billion. (LK/LM)