Hanson International (MYRX) Belongs To The Defendant Jiwasraya Benny Tjokro Potentially 'Kicked' By IDX From The Stock Exchange Floor

JAKARTA - The Indonesia Stock Exchange (IDX) announced that PT Hanson International Tbk (MYRX) has the potential to be delisted (deleted) from the list of listed companies on the stock exchange floor.

The IDX's firm stance is based on two considerations. First, based on Exchange Announcement No.: Peng-SPT-00002/BEI.PP3/01-2020 dated January 16, 2020 regarding the Temporary Suspension of Securities Trading of PT Hanson International Tbk (MYRX).

And the second is about the Elimination of Listing (Delisting) and Relisting (Relisting) Shares on the Exchange.

The business entity that was once owned by Benny Tjokro, the defendant in the Jiwasraya case, will be completely 'opposed' from the stock exchange if it cannot show indications of adequate recovery after experiencing conditions or events that significantly negatively affect the company's business continuity.

Then, if MYRX is not traded in the Regular Market and Cash Market for the last 24 months, and is only traded in the Negotiated Market.

"Then we can say that the Company's shares have been suspended for 18 months and the suspension period will reach 24 months on January 16, 2022," said IDX in a press statement released Monday, July 19.

The announcement stated that MYRX as of July 14, 2021 was controlled by the state insurance company PT Asabri (Persero) with a composition of 10.85 percent.

Then the rest is held by the community with ownership status below 5 percent, which is a total of 89.15 percent.

As in previous records, Hanson International is known to be owned by Asabri 5.4 percent, Benny Tjokrosaputro 4.25 percent, and the community 90.3 percent.

To note, Benny Tjokrosaputro alias Bentjok is a defendant in the Jiwasraya case which was declared default in 2018. Investigators at the Attorney General's Office assessed that based on an audit by the State Audit Board, the state losses in this case reached Rp. 16.8 trillion.

Bentjok and Heru Hidayat are accused of being the cause of the loss, which is suspected to have originated from a direct purchase transaction of four shares, and an indirect share purchase transaction through 21 Mutual Funds and 13 Investment Managers.