JAKARTA (TheInsiderStories) – The Indonesia Stock Exchange (IDX) reported there are 12 public issuers are planning to buyback their shares in the secondary market with total amount Rp2.5 trillion (US$168.92 million), said the director on Thursday (10/01). So far, the listed company has realized the program for Rp382 billion.
According to the director, I Gede Nyoman Yetna Setia, so far there have been 59 issuers carried out the buyback shares with an exercise value of Rp4.05 trillion. He also reported, there are several issuers that are planning to extend the program with large enough funds, including PT Barito Pacific Tbk (IDX: BRPT) with total amount Rp1 trillion.
Earlier, Emtek Group media issuer, PT Surya Citra Media Tbk (IDX: SCMA), also planned to carry out share buybacks with a maximum amount of Rp500 billion or a maximum of 20 percent of enlarged and paid-up capital to fulfill the minimum free float shares 7.5 percent of the company shares in the market.
Related to financial report, IDX has written a warning accompanied by fines Rp150 million to 24 listed companies that have not submitted financial reports of the first quarter of 2020. The local bourse has temporarily suspended the stock trading on the regular and cash market since Sept. 2020, for PT Central Proteina Prima Tbk (IDX: CPRO).
The regulator also extended the suspension of other issuers on the same day. The following 24 issuers are PT Armidian Karyatama Tbk (IDX: ARMY), PT Cowell Development Tbk (IDX: COWL), PT Bakrieland Development Tbk (IDX: ELTY), PT Eterindo Wahanatama Tbk (IDX: ETWA), PT Golden Plantation Tbk (IDX: IDX: GOLL), PT Evergreen Invesco Tbk (IDX: GREN), PT Graha Andrasentra Propertindo Tb (IDX: JGLE), and PT Kertas Basuki Rachmat Indonesia Tbk (IDX: KBRI)
Then, PT Grand Kartech Tbk (IDX: KRAH), PT Marga Abhinaya Abadi Tbk, PT Mitra Pemuda Tbk, PT Hanson International Tbk (IDX: MYRX), PT Nipress Tbk (IDX: NISP), PT Sinergi Megah Internusa Tbk (IDX: NUSA), PT Rimo International Lestari Tbk (IDX: RIMO), PT Siwani Makmur Tbk (IDX: SIMA), PT Northcliff Citranusa Indonesia Tbk (IDX: SKYB), PT Sugih Energy Tbk (IDX: SUGI), PT Tiphone Mobile Indonesia Tbk (IDX: TELE), PT Trada Alam Minera Tbk (IDX: TRAM), and PT Trikomsel Oke Tbk (IDX: TRIO)
In addition, the company has submitted an interim financial report but has not paid a fine was PT Ratu Prabu Energi Tbk (IDX: ARTI) and have not submitted the reports but have paid fines are PT Exploitasi Energi Indonesia Tbk (IDX: CNKO) and PT Central Proteina Prima Tbk (IDX: CPRO).
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