State-Owned Enterprises at Risk of Delisting from Indonesia Stock Exchange

Background

Several State-Owned Enterprises (SOEs) have experienced suspension or temporary cessation of stock trading for more than six consecutive months. This has led to them being at risk of being delisted from the Indonesia Stock Exchange (IDX).

List of SOEs at Risk of Delisting

Some of the SOEs at risk of being delisted from the IDX include:

• PT Indofarma Tbk (INAF)

• PT Waskita Karya (Persero) Tbk (WSKT)

• PT Wijaya Karya Tbk (WIKA)

In addition, there is also a subsidiary of PT PP (Persero) Tbk (PTPP) that is on the radar for potential delisting, namely PT PP Properti Tbk (PPRO).

Number of Companies at Risk of Delisting

There are a total of 70 companies on the list of potential delistings. In addition to SOEs, there are also several major textile manufacturers on the list, such as PT Sejahtera Bintang Abadi Textile Tbk (SBAT) and PT Sri Rejeki Isman Tbk (SRIL) or Sritex.

Delisting Regulations

Referring to the provisions of III.5.3. Regulation Number I-N, it is stipulated that if a Listed Company has already experienced a Suspension of Securities for 6 (six) consecutive months, then based on the provisions of III.5.3.1. Regulation Number I-N, the Exchange announces to the public that the shares of the Listed Company are potentially subject to Delisting through an Exchange Announcement.