Wow, This Bank Acquired By The Conglomerate Chairul Tanjung Be Reproved By IDX

JAKARTA - There are seven banks whose shares have been temporarily suspended by the Indonesia Stock Exchange (IDX) starting the trading session I, Thursday, March 4. One of them is the bank that was acquired by the conglomerate Chairul Tanjung, PT Bank Harda Internasional Tbk (BBHI).

"In connection with the significant increase in the cumulative price of PT Bank Harda International Tbk (BBHI) shares, the Indonesia Stock Exchange deems it necessary to temporarily suspend the trading of PT Bank Harda Internasional Tbk (BBHI) Shares in the Regular Market and the Cash Market starting from the first trading session. March 4, 2021, until further Exchange Announcements", explained the IDX management, quoted by VOI, Thursday, March 4.

The IDX management urges interested parties to always pay attention to the disclosure of information submitted by Bank Harda.

Previously, the IDX had opened a suspension of trading in Bank Harda shares on Monday 1 March. However, after the Exchange opened its suspension on Wednesday, March 3, BBHI's shares immediately shot up 24.55 percent to IDR 2,410 per share at the end of trading.

Even in the last week, BBHI shares rose by 167.38 percent. The rapid increase occurred during the current year (year to date), where there was a significant increase of 1,712.50 percent.

For information, Bank Harda is officially owned by PT Mega Corpora, a company from the conglomerate Chairul Tanjung. The 9th richest company in Indonesia narrowed to 3.08 billion shares or 73.71 percent of the total shares issued and paid-up by Bank Harda from PT Hakimputra Perkasa.

The seven bank shares that have been temporarily suspended trading on Thursday 4 March are:

1. Shares of PT Bank Harda Internasional Tbk (BBHI)

2. Shares of PT Bank QNB Indonesia Tbk (BKSW)

3. Shares of Bank IBK Indonesia Tbk (AGRS)

4. Shares of PT Bank Maspion Indonesia Tbk (BMAS)

5. Shares of PT Bank Bumi Arta Tbk (BNBA)

6. Shares of PT Bank Artha Graha Internasional Tbk (INPC)

7. Shares of PT Bank Capital Indonesia Tbk (BACA)