Suspension Lifted, Waskita Beton Precast Shares ARB Directly In 1 Trading Session

JAKARTA - The Indonesia Stock Exchange (IDX) has resumed trading in PT Waskita Beton Precast Tbk (WSBP) shares. However, the share price immediately plummeted and was hit by a downward auto reject (ARB).

As for the lifting of the suspension in all trades. Likewise in debt securities alias bonds.

Quoting the disclosure of information, Jakarta, Saturday, March 18, the Exchange decided to lift the temporary suspension of PT Waskita Beton Precast Tbk's Securities Trading (Shares and Bonds) (WSBP, WSBP01CN1, and WSBP01CN2).

The opening took effect since the second trading session on March 17. But immediately dropped.

From VOI's monitoring, during that one session, WSBP shares immediately fell 6 points or 6.32 percent to IDR 89. The highest trade is up to IDR 93 and the lowest level is IDR 89.

The trading volume reached 27.79 million shares with a value of IDR 2.48 billion. The trading frequency is 674 times.

Previously, WSBP Director Asep Mudzakir said the company had received a trusteeship agreement (PWA) for debt restructuring, and had carried out public exposure obligations, as required by the stock exchange.

It is known, the amount of debt that was successfully restructured reached IDR 8.8 trillion, consisting of bonds payable of IDR 2 trillion, vendors of IDR 2.2 trillion, and the rest were bank loans.

The Exchange asks all interested parties to always pay attention to the disclosure of information submitted by the Company.