JAKARTA – Shares of PT Aesler Grup Internasional Tbk (RONY) have surprised the stock exchange with a significant price surge after two months of inactivity in the capital markets.

The Indonesia Stock Exchange (IDX) officially resumed trading of RONY shares in the first session on Wednesday (19/2). By 11:00 AM WIB, the stock had soared by 9.92% to IDR 1,995 per share. During the first trading session today, RONY shares were traded 43 times with a total transaction value of IDR 255.5 million.

Previously, the IDX suspended RONY’s stock trading on 18 December 2024 due to what was deemed an excessively aggressive price increase. According to IDX data, RONY shares had risen by 592.71% over the past year.

The main catalyst behind RONY’s aggressive movement is believed to be the plan of its major shareholders, PT Nakula Investama Indonesia and PT Karimun Jawa Pratama, to divest their holdings to Honour Accord Limited, a global investment securities firm.

These two companies plan to sell a total of 1 billion shares, equivalent to 80% of RONY’s issued and fully paid shares.

Teny Siti Febryani, CEO of RONY, confirmed that negotiations with Honour Accord are ongoing. If the transaction is completed, Honour Accord Limited will effectively become the new controlling shareholder of the company.

In addition to the corporate action, RONY’s shares were previously held back by administrative issues. On 17 February 2025, RONY was listed among issuers that had not yet settled their annual listing fees with the IDX. However, recent indications suggest that the company has now fulfilled its obligations, leading the IDX to resume trading of its shares. (EF/ZH)