JAKARTA - Indonesia Stock Exchange (IDX) is monitoring 5 issuers closely after they are listed under the category of facing Suspension of Debt Payment Obligation (PKPU) lawsuit, bankruptcy, and cancellation of homologated agreement. This special monitoring list refers to the issuers announced as of June 21, 2024.

PT Bursa Efek Indonesia (BEI) pantau khusus lima emiten karena masuk kategori dimohonkan Penundaan Kewajiban Pembayaran Utang (PKPU), pailit, dan pembatan perdamaian (homoligasi). Status tersebut hanya untuk emiten yang diumumkan per 21 Juni 2024.

Based on IDNFinancials data, today (25/6), the issuers in question are engaged in various industries, namely PT Saraswati Griya Lestari Tbk (HOTL), PT Mas Murni Indonesia Tbk (MAMI), PT Hanson International Tbk (MYRX), PT Forza Land Indonesia Tbk (FORZ), and PT Cowell Development Tbk (COWL).

As of now, HOTL is on the verge of delisting due to prolonged stock suspension since August 1, 2022. As of December 2021, the shares were reported at 3.55 billion, with shareholders consisting of PT Tiara Realty of 51.32%, Soegianto 9.38%, Indra Setiawan 7.71%, Irene Thesman 7.10%, Bhakti Salim 1.27%, and the public 23.23%.

MAMI is also under suspension of over 30 months as of February 29, 2024. As of January 2023, its shares were reported at 12.30 billion shares with shareholders structure made of Brentfield Investments Limited of 27.63%, PT Sentratama Kencana 6.43%, and the public 65.94%.

Meanwhile, MYRX has been suspended for over 48 months as of January 16, 2024. As of December 2023, the issuers recorded 86.70 billion shares, with shareholders consisting of Kejaksaan Agung of 23.26%, PT Asabri (Persero) of 11.31%, and the public of 65.43%.

FORZ has also been put under stock suspension for 30 months as of February 29, 2024. The shares, as of April 2021, were 1.98 billion, with shareholders structure made up of Freddy Setiawan of 17.24%, PT Forza Indonesia of 12.31%, Reksa Dana Narada of 8.21%, BP25 SG/BNP Paribas of 6.77%, Bos Ltd S/A Freddy of 0.25%, and the public of 55.22%.

Lastly, COWL's transaction has been suspended for 42 months as of January 13, 2024. With shares of 4.87 billion, the shareholder structure consists of PT Gama Nusapala of 71.12%, Feral Investment Inc of 14.35%, Earvin Limited 8.12%, and the public of 6.41%. (LK/ZH)