JAKARTA - The Indonesia Stock Exchange (IDX) has officially launched a new listing board, namely New Economic Zones to attract companies from the new economic sector to take the floor on the stock exchange.
"We hope that the implementation of this New Economic Papa can be one of the driving forces for new economy sector companies to be listed on the IDX. In addition, this implementation can also be a means that make it easier for investors to make investment decisions in accordance with the type and strategy of investor transactions," said IDX Development Director Jeffrey Hendrik during a press conference quoted by Antara, Monday, December 5.
The presence of the New Economic Papa aims to provide listing boards for technology-based companies to create innovations for products and/or services that have broad social benefits with high growth rates.
New Economics boards are recording boards that are equivalent to the Main Papan. Companies can be listed on New Economics Papa if the company meets the provisions listed on the Mainboard and has special characteristics determined by the stock exchange.
These special characteristics include having high income growth, using technology to create product innovations or services that increase productivity and economic growth and have social benefits, and are included in the business sector set by the stock exchange.
At the time of launch, several new economy sector companies that have been listed on the stock exchange will be transferred to the New Economic Zone.
The provision of New Economic Zones is an effort by the Exchange to encourage the development of companies that utilize digital technology and economy, as well as as a means of branding for listed companies.
In addition, the New Economic Papan also provides a segmentation of the listing board on the IDX which is a means of investment strategy for investors. Investors can determine the shares invested based on existing listing boards.
New Economic Committee also accommodates the listing of companies that have a Multiple Voting Rights (SHSM) scheme as regulated in POJK Number 22/POJK.04/2021 concerning the Application of Share Classification with Multiple Voting Rights by Issuers with Innovation and High Growth Levels that Offer Public Equity in the Form of Shares.
Each SHSM sheet has more than one voting right for a shareholder that meets the requirements, in contrast to ordinary shares whose individual shares only have one voting right.
There is no difference between the trading mechanism and the trade parameters for stocks recorded on Papan Ekonomi Baru and stock trading in general.
Shares listed on Papan Ekonomi Baru can be identified through listing type and also the embedding of a special notation behind the company's stock code.
The use of a special notation to identify that the company's shares are listed on Papan Ekonomi Baru is basically not negative information, but is information that the company concerned has certain conditions.
There are two special notations for stocks listed on Papan Ekonomi Baru, namely the special notation "K" which means the company implements SHSM and is listed on the New Economic Zone, as well as a special notification "I" which means the company does not apply SHSM and is listed on the New Economic Zone.
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