Apart From Bank Sumut, There Is One Other Company From North Sumatra That Will List Its Shares On The Stock Exchange This Year

Head of the North Sumatra IDX Representative Office Muhammad Pintor Nasution. (Photo: Doc. Antara)

JAKARTA - Two companies from North Sumatra are preparing to list their shares on the Indonesia Stock Exchange (IDX) this year. One of them is PT Pembangunan Daerah Sumatera Utara or Bank Sumut.

"The one who wants to list the Bank of North Sumatra and another whose name cannot be named," said the Head of the North Sumatra IDX Representative Office, Muhammad Pintor Nasution, quoted by Antara, Sunday, June 5.

Bank Sumut is scheduled to be available on the capital market in September and another one is expected by the end of the year. "If the IPO (initial public offering) of Bank Sumut and one other company, then four companies from North Sumatra will be listed in 2022," he said.

The two companies that have previously been listed on the IDX are PT Sumber Tani Agung Tbk (STAA) and PT Murni Sadar Tbk (MTMH). Thus the number of companies from North Sumatra that have IPOs are 10.

Pintor said IDX continues to educate to encourage companies in North Sumatra to IPO. Education and assistance to prospective issuers continues to be carried out. "The potential for companies in North Sumatra for IPOs is quite large because most of their businesses are also export-oriented and involve many MSMEs," he said.

Companies, he said, could take advantage of the capital market for additional capital from shares purchased by the public. In addition to increasing business capital, going public also improves the company's performance and image.

Then also demands increased professionalism and employee loyalty. And, he said, increasing the company's independence, getting strategic business partners, and increasing company value.

"So don't wait for a new big company to have an IPO. Companies can grow well by listing on the stock exchange," he said.