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Five companies threatened by delisting from the Indonesian stock exchange


Thursday, September 8, 2022 3:17 PM WIB


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TEMPO.CO, Jakarta – A total of forty broadcasters entered the list of potentials delisting Indonesia’s stock exchange and the risk of becoming a closed company again. From the data compiled by Bisnis from the IDX, 40 issuers from various sectors are included in the list of potential delistings.

In addition to the possibility of being expelled from the capital market, the shares of the issuers were also blocked by the IDX. Shares that have been suspended for 24 months have the potential to be canceled.

According to OJK’s Attitudeiuangmu, delisting is the official removal of issuers on the stock exchange by OJK Stock exchange of Indonesia. Shares previously traded on the IDX will be removed from the list of public limited companies, so they can no longer be traded freely on the capital market.

Quoting the idxchannel.com page, the five broadcasters are:

  1. PT Leyand International Tbk (LAPD)

Citing leyand.co.id, the company was originally founded under the name PT Lemahabang Perkasa, which later changed its name to PT Leyand International in 2007. Its main business is the plastic packaging industry and has verified the own activity in the field of power generation.

PT Leyand International was suspended on all exchanges for approximately 18 months and the suspension period reached 24 months on July 2, 2022.



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