IDX Office at Central Jakarta

JAKARTA (TheInsiderStories) – The Indonesia Stock Exchange (IDX) will erase some of issuers from its stock list amid the weak performance. Since 2013, around 27 companies has been delisted from the local bourse

Based on IDX data, mining companies and infrastructure development, PT Bara Jaya International Tbk (IDX: APTK) shares will deleting starting Sept. 30, 2019. The reasoned, because the company does not yet have a business plan.

The issuer’ shares, which listed their shares in 2002, has been suspended by the stock exchange for more than 24 months since July 2018. Before delisting, Bara Jaya shares will be traded on the negotiating market for 20 exchange days in the period Sept. 2 – 27, 2019.

Then, PT Borneo Lumbung Energi & Metal Tbk (IDX: BORN), which has been suspended since June 2016, is threatened to be delisted because it has legal problems that have a negative impact on operational activities and limit the company’ space for movement.

In August, PT Grahamas Citrawisata Tbk (IDX: GMCW) had already excused itself from the bourse after trading its shares suspended by the bourse for more than 24 months. Similarly, PT Sekawan Intiparatama Tbk (IDX: SIAP) has been removed from the stock exchange since June 17, 2019 after the coal mining business has been revoked by the government.

There were also shares that were delisted this year due to a merger program, such as PT Bank Mitraniaga Tbk (IDX: NAGA) which merged with PT Bank Agris Tbk (IDX: AGRS). In addition, shares of PT Bank Nusantara Parahyangan Tbk (IDX: BBNP) were deleted after merged with PT Bank Danamon Indonesia Tbk (IDX: BDMN).

Below are the list of companies has been delisting from the IDX:

Code
Companies
Delisting Date
Shares
ASIA PT Asia Natural Resources Tbk
Nov 2014
2.275.009.490
BRAU PT Berau Coal Energy Tbk
Nov 2017
34.900.000.000
CPCT PT Citra Maharlika Nusantara Corpora Tbk
Okt 2017
3.972.222.100
CPDW PT Indo Setu Bara Resources Tbk
Sept 2013
34.198.115
CTRP PT Ciputra Property Tbk
Jan 2017
6.315.623.997
CTRS PT Ciputra Surya Tbk
Jan 2017
2.033.199.754
DAJK PT Dwi Aneka Jaya Kemasindo Tbk
May 2018
2.500.000.000
DAVO PT Davomas Abadi Tbk
Jan 2015
12.403.711.320
IDKM PT Indosiar Karya Media Tbk
May 2013
10.128.069.095
INCF PT Indo Citra Finance Tbk
Feb 2013
56.566.667
INVS PT Inovisi Infracom Tbk
Okt 2017
9.990.273.135
KARK PT Dayaindo Resources International Tbk
Dec 2013
19.324.488.028
LAMI PT Lamicitra Nusantara Tbk
Dec 2017
1.148.418.000
PAFI PT Panasia Filament Inti Tbk
March 2013
1.611.067.000
PWSI PT Panca Wiratama Sakti Tbk
May 2013
82.500.000
SAIP PT Surabaya Agung Industry Pulp & Kertas Tbk
Okt 2013
5.509.574.061
SOBI PT Sorini Agro Asia Corporindo Tbk
July 2017
925.211.250
SQBB PT Taisho Pharmaceutical Indonesia Tbk
March 2018
9.268.000
SQBI PT Taisho Pharmaceutical Indonesia Tbk
March 2018
972.000
TKGA PT Permata Prima Sakti Tbk
Nov 2017
1.012.000.000
UNTX PT Unitex Tbk
Dec 2015
8.068.500

Source: IDX

Written by Staff Editor, Email: theinsiderstories@gmail.com