Member Of Commission VII DPR Asks OJK To Postpone The IPO Permit Of PT Amman Mineral Internasional, Why?

Member of Commission VII DPR RI Adian Napitupulu. (Photo: Mery Handayani/VOI)

JAKARTA - PT Amman Mineral International's Initial Public Offering (IPO) has been highlighted by various parties.

One of them is a member of Commission VII DPR RI Adian Napitupulu who asked the financial services authority (OJK) to postpone the plan.

Adian admitted that he would coordinate with the OJK regarding the IPO plan for the subsidiary of PT Medco Energi Internasional Tbk (MEDC). Because until now there is no clarity regarding PT Amman Mineral International's plan to take the floor on the stock exchange.

For your information, PT AMMAN Mineral Internasional itself has submitted an IPO registration document to OJK on March 21, 2023.

"I will write to the OJK to review it properly. I get a lot of interesting things here. There are several other elements that we can argue about in the progress of development. We have to check this document. We can talk to the OJK, postpone it. Why? Because it turns out like this, you know, "Adian said in a discussion in Jakarta, Monday, May 22.

Adian admitted that this step needed to be taken to ensure that the company deserved an IPO so as not to cause problems afterward.

Moreover, he said, there was no real clarity that the IPO registered was PT Amman Mineral West Nusa Tenggara or PT Amman Mineral International.

"It must be ensured that what we want the IPO to be worthy of is an IPO. It is appropriate in terms of regulations, it is environmentally feasible," said Adian.

Meanwhile, an academic from the Indonesian Christian University (UKI), Dhaniswara K Harjono said that Amman Mineral must be transparent regarding the problems that ensnared him before conducting an IPO. Starting from labor problems to smelter development that have not yet reached the government's target.

"Then, talking about the IPO, it sells to the public, so there must be transparency. From the information I received, the problem is no kidding, the fields of employment, the environment and the community that are not implemented must be resolved first," he said.

Dhaniswara continued, before allowing the IPO, OJK had to straighten out first whether the parent company Amman Mineral or Amman Mineral Nusa Tenggara was listed on the stock exchange.

Because, according to him, in the capital market which is considered to be the holding company or the holding company is not a subsidiary.

On this occasion, Deputy Minister of Manpower Afriansyah Noor said the Ministry of Manpower would conduct an inspection of Amman Mineral's additional location to find out the truth of employment problems.

"We always focus on our supervisors, we have supervisors that are provinces and districts, many things have been reported to us, maybe in the near future we will conduct inspections to PT AMMAN, from the Ministry of Manpower we will directly review to the company what are the findings that have been reported to us," he said.