Meet The Stock Exchange, Several SOEs And Its Subsidiaries Prepare Plans To Release Shares To The Public

Mitratel is a subsidiary of a state-owned company that will officially be listed on the IDX in 2021. (Photo: Doc. Indonesian Stock Exchange)

JAKARTA - PT Adhi Commuter Properti Tbk (ADCP) may not be the only company from the BUMN family to release its shares to the public this year. The reason is, there are several other companies from the SOE family that have met the Indonesia Stock Exchange (IDX) to prepare for an initial public offering (IPO).

"Several BUMN companies and BUMN subsidiaries have also met with the IDX to discuss and prepare plans for an IPO in the near future," said IDX Director of Corporate Valuation I Gede Nyoman Yetna to reporters, Tuesday 10 May.

According to Nyoman, the news will be encouraging if these state-owned companies go public soon. Even Nyoman hopes that these state-owned companies can make Indonesia's capital market more vibrant.

Based on available data, in 2021 PT Dayamitra Telekomunikasi Tbk (MTEL) has listed its shares on the IDX. Meanwhile, this year ADCP's shares have also been listed on the IDX.

"It is hoped that this year there will be more state-owned companies whose shares are listed on the IDX," said Nyoman hopefully.

Nyoman emphasized that the Financial Services Authority (OJK) together with the Self-Regulatory Organization (SRO) of the Indonesian capital market (BEI, KPEI, and KSEI) support entrepreneurs in Indonesia to be able to take advantage of the Indonesian capital market as a means of obtaining funding.

With the entry of these companies into the capital market, it is expected to improve the company's image and professionalism, improve company performance, obtain tax incentives, and also accelerate the implementation of Good Corporate Governance (GCG).