Jakarta - The Indonesia Stock Exchange (IDX) announced that it will delist 8 listed companies in 2025. The exchange will delist the company on July 21, 2025 because of bankruptcy.

The eight issuers have time to submit share buyback information disclosure until January 18, 2025.

The buyback implementation period as regulated by the stock exchange will take place from January 20 to July 18, 2025.

IDX management explained in its information disclosure, “The approval of the delisting of the company's securities does not eliminate the obligations that have not been fulfilled by the company to the Exchange.”

The following is a list of 8 issuers that the IDX wants to delist, namely PT Mas Murni Indonesia Tbk (MAMI), PT Forza Land Indonesia Tbk (FORZ), PT Hanson International Tbk (MYRX), PT Grand Kartech Tbk (KRAH), PT Cottonindo Ariesta Tbk (KPAS), PT Steadfast Marine Tbk (KPAL), PT Prima Alloy Steel Universal Tbk (PRAS), PT Nipress Tbk (NIPS).

Among the eight stocks, there are shares coded MYRX which have been suspended for 4 years by the IDX. Hanson is a property issuer owned by the convicted Jiwasraya-ASABRI case, Benny Tjokrosaputro.

The company has been declared bankrupt in the postponement of debt payment obligations (PKPU) trial at the Central Jakarta District Court.(DK/MT/LM)