Jakarta - Trading in shares of PT Omni Innovation Indonesia Tbk (TELE) remains suspended on the Indonesia Stock Exchange (IDX) following a bankruptcy ruling issued by the Central Jakarta Commercial Court on November 10, 2025 (Decision Number 28/Pdt.Sus-Pebatalan Peace/2025/PN.Niaga.Jkt.Pst). The suspension, enacted under IDX Regulation Number IL concerning Securities Suspension, aims to maintain orderly and efficient market activity.
The IDX announced the continuation of the trading halt, stating, “The Indonesia Stock Exchange has decided to continue the temporary suspension of trading in the Company’s securities in all markets until further announcements by the Exchange,” according to PH Head of the IDX Company Valuation Division 2, Hendra Ahmad Hidayat. The suspension stems from factors including negative equity and a share price consistently below IDR 51. Currently, TELE shares are trading at IDR 9 apiece.
A significant stake in Omni Innovation remains held by PT PINS Indonesia, a subsidiary of PT Telkom Indonesia (Persero) Tbk (TLKM). PINS Indonesia currently owns 1,754,641,247 TELE shares, representing approximately 24% of the company’s total outstanding shares.
Beyond institutional holdings, public investors collectively own 2,219,962,242 shares, or roughly 30.36% of the company. The value of PINS Indonesia’s stake, based on the current share price, is approximately IDR 15.79 billion.
