PT Bursa Efek Indonesia (IDX) officially removed eight issuers from the Indonesian capital market today, Monday, July 21.
"Bursa decided to remove records to listed companies that were effective on July 21, 2025," said PH Head of the IDX Trading Regulation and Operations Division Mulyana quoting Antara.
The eight issuers are PT Mas Murni Indonesia Tbk (MAMI), PT Forza Land Indonesia Tbk (FORZ), PT Hanson International Tbk (MYRX), and PT Grand Kartech Tbk (KRAH).
Then, PT Cottonindo Aiesta Tbk (KPAS), PT Steadfast Marine Tbk (KPAL), PT Prima Alloy Steel Universal Tbk (PRAS) and PT Nipress Tbk (NIPS).
In addition to eight common shares, IDX also removed two preferent shares, namely owned by PT Mas Murni Indonesia Tbk (MAMI) and PT Hanson Internasional Tbk (MYRX).
By delisting, Mulyana explained that the issuer no longer has obligations as a listed company and the IDX will remove the company's name from the list of listed companies that listed their shares on the IDX.
"In the event that the company will re-list its shares on the IDX, the share listing process can be carried out by referring to applicable regulations," said Mulyana.
The delisting process refers to the Announcement of the Peng-DEL-00009/BEI.PP2/12-2024 and Peng-DEL0001/BEI.PP3/12-2024 Exchange dated December 19, 2024 regarding Cancellation of Listing of Efecences (Delisting) of Registered Companies (In Bankruptcy).
In addition, it also refers to Exchange Regulation Number IN concerning Recording Cancellation (Delisting) and Relisting (Relisting).
SEE ALSO:
The Exchange canceled the listing of Company shares if, firstly, Provisions III.1.3.1, namely the Company was recorded to have experienced a significant negative impact on the business continuity of the Company being recorded, either financially or legally, and the Company was recorded unable to show indications of adequate recovery.
Second, Provision III.1.3.2, namely the Company Noted does not meet the requirements for Listing on the Exchange.
Third, Provision III.1.3.3, namely Company Shares Recorded to have experienced Suspension Effects, both in the Regular Market and Cash Market, and/or in all markets, for at least the last 24 months.
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