After Being Parked For 5 Days, The Shares Of Bank Harda, Owned By The Conglomerate Chairul Tanjung, Dropped 6 Percent

Chairul Tanjung conglomerate. (Photo: Instagram @forbesindonesia)

JAKARTA - The Indonesia Stock Exchange (IDX) has opened a suspension on the trading of PT Bank Harda Internasional Tbk starting the trading session I today, Wednesday, March 10.

Bank Harda is a banking company with a core capital of less than IDR 3 trillion, which is owned by the conglomerate Chairul Tanjung. Based on VOI's monitoring, at 09.30, BBHI's shares fell 6.64 percent to the level of Rp2,250 per share.

Quoted from the announcement released on Tuesday 9 March, IDX announced that the suspension of trading in bank shares coded as BBHI shares on the regular market and the cash market was reopened starting trading session I on March 10, 2021.

This refers to the stock exchange announcement No: Peng-SPT-0043/BEI.WAS/03-2021 dated March 3, 2021, regarding the Temporary Suspension of Trading Shares of PT Bank Harda Internasional Tbk (BBHI).

For information, on Thursday last week March 4, BBHI shares were suspended due to a significant increase in cumulative prices. The Exchange calls on interested parties to always pay attention to the disclosure of information submitted by Bank Harda.

Before the suspension on March 4, 2021, the shares of the bank owned by the 9th richest person in Indonesia were also suspended on March 1, 2021, for the same reason. However, on the following day, BBHI shares were reopened starting the trading session I on March 2, 2021.

[see-also]

- https://voi.id/berita/29358/bakal-diakuisisi-konglomerat-chairul-tanjung-begini-sejarah-dan-profil-bank-harda-internasional

- https://voi.id/berita/29394/berkaca-pada- mov-luwes-chairul-tanjung-caplok-bank-harda-bank-kecil-kini-jadi-target-akuisisi-investor-lokal-dan-global

- https://voi.id/berita/20195/bank-bengkulu-jadi-bpd-ketiga-yang-sahamnya-dibeli-konglomerat-chairul-tanjung

- https://voi.id/berita/35626/konglomerat-chairul-tanjung-bertanya-ke-luhut-kenapa-selalu-china-pak

- https://voi.id/ekonomi/37040/wah-bank-yang-diakuisisi-konglomerat-chairul-tanjung-ini-i-diomelin-i-bursa

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After the suspension was opened, BBHI's shares skyrocketed in succession, namely 24.84 percent on the trading day of March 2, 2021, and 24.55 percent on March 3, 2021, at the level of IDR 2,410. In the past week, its shares have risen 195.71 percent.

In response to the IDX's request for an explanation, President Director of Bank Harda Yohanes said that his party plans to change its business model from conventional banks to digital banks. This answers IDX's question regarding the company's plan to change the company's business strategy.

Yohanes said that Bank Harda will provide innovative digital banking products and services integrated with the CT Corpora ecosystem that provides solutions and seamless customer experiences for customers, as well as providing high added value to all stakeholders. The changes to the business model will be scheduled in the EGMS which will be determined later.