JAKARTA – PT Indah Kiat Pulp & Paper Tbk (INKP) management has addressed the recent volatility in its stock trading on the Indonesia Stock Exchange (IDX).

Heri Santoso, INKP’s Corporate Secretary, confirmed that the company does not have any material information or facts that could influence the stock’s movements or shareholders’ investment decisions.

"INKP is unaware of any information, facts, or significant events that could affect the stock price or the company’s continuity that have not yet been disclosed to the public," said Heri in an official statement on Tuesday (4/3).

Heri also assured that no activities by certain shareholders have breached Financial Services Authority (OJK) Regulation No. 11/POJK.04/2017.

"The main shareholders of INKP have no plans to alter their ownership in the company at this time," he added.

Amid the volatility, INKP's stock price increased by 5.21% today (5/3), rising to IDR 4,990 per share as of 1.50 PM WIB, from IDR 4,730 at the opening of trading. (DK/KR/ZH)