JAKARTA - PT Trimegah Sekuritas Indonesia Tbk (TRIM) has canceled plans to spin off its securities brokerage and underwriting businesses.

In the disclosure published on Friday (10/1), Agus D Priyambada, Corporate Secretary of PT Trimegah Sekuritas Indonesia Tbk (TRIM) said that the plan was postponed because they had not received a business permit. "Considering the company's readiness, transaction complexity, and transaction time limits in accordance with Law No.4/2023 concerning the Development and Strengthening of the Financial Sector," he said.

It is known that TRIM established PT Perusahaan Sekuritas Baru (PSB) in preparation for a spin-off of its business in securities trading.

PSB's authorized capital is IDR 4 trillion, issued and fully paid up capital is IDR 1 trillion with a TRIM shareholder structure of 99.99% and Stephanus Turangan 0.1%. (LK/LM)