JAKARTA – Indonesia Stock Exchange (IDX) authorities temporarily suspends transactions of 4 issuers as they have failed to meet the minimum free float requirement of 7.5% of its shares.

Based on IDNFinancials data today (4/12), the four suspended issuers are PT Lippo General Insurance Tbk (LPGI), PT Panasia Indo Resources Tbk (HDTX), PT Metro Realty Tbk (MTSM), and PT Shield on Service Tbk (SOSS).

LPGI listed 3 billion shares as of November 2024, with controllers of 9% and non-controllers of 41%. There are 78.42 million free float shares, equal to 2.61% of total listed shares. LPGI has 825 shareholders with Seung Youn Kim as the ultimate beneficial owner of the shares.

In the same period, HDTX posted 3.60 billion shares, with controllers’ portion at 19.36%, and non-controllers, 80.64%. There are 19.24 million free float shares, equal to 0.53% of total listed shares. HDTX has 1,276 shareholders with Awong Hidjaja as the ultimate beneficial owner of the shares.

For MTSM, the company registered 232.84 million shares, with controllers of 34.52% and non-controllers of 65.47%. There are 14.60 million free float shares, equal to 6.27% of total listed shares. MTSM has 589 shareholders with PT Yakin Wiskon as the ultimate beneficial owner of the shares.

Lastly, SOSS recorded total listed shares of 799.41 million, with controller claiming 79.33% of the shares, and non-controllers, 20.67%. There are 25.25 million shares allocated as free float, equal to 3.16% of total listed shares. The number of its shareholders stood at 649, with Sohgo Security Services Co, Ltd as the ultimate beneficial owner of the shares. (LK/ZH)