Indosat Stock Exchange 'Parked', Securities Are Moving Wild Because Of Merger Issues With Tri?

Photo: Doc. Indosat

JAKARTA - The trading of shares of PT Indosat Tbk is 'parked' by the Indonesia Stock Exchange (IDX). The shares of the issuer coded ISAT have been temporarily suspended trading (suspension) starting today, Monday 28 December.

IDX Trade Regulatory & Operational Division Head Irvan Susandy said, in connection with the significant increase in cumulative prices, in the context of cooling down, the Indonesia Stock Exchange deems it necessary to temporarily suspend trading of PT Indosat Tbk (ISAT) shares.

"The temporary suspension of trading in ISAT Shares is carried out at the Regular Market and the Cash Market, with the aim of providing sufficient time for market players to consider carefully based on the information available in every investment decision making in ISAT shares," said Irvan, quoted from the IDX website. .

Irvan said, with the suspension of Indosat shares, interested parties are expected to always pay attention to the disclosure of information conveyed by Indosat.

Previously reported by VOI, in the last month, Indosat shares jumped more than 100 percent. Shares of one of the country's telecommunications providers jumped 130.98 percent compared to last month.

The increase in ISAT's share price was allegedly due to the strong news that Indosat will merge with Tri Indonesia provider. Quoting Bloomberg, the global company CK Hutchison Holdings Ltd Hong Kong, which owns Tri Indonesia, is reportedly exploring an agreement with QPSC Ooredoo Qatar.