Been suspended twice this month, see the explanation of Sky Energy Indonesia (JSKY)

ILLUSTRATION. PLTS Terapung owned by PT Sky Energy Indonesia, Tbk (JSKY). Sky Energy (JSKY) share price shot up to 279.49% in the last month.

Reporter: Kenia Intan | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. Shares of PT Sky Energy Indonesia Tbk (JSKY) rose significantly in recent times. Therefore, the Indonesia Stock Exchange (IDX) temporarily suspended JSKY shares trading since the first trading session on September 21, 2020. The suspension was carried out on the regular market and cash market until further exchange announcements.

“There was a significant increase in the cumulative price of PT Sky EnergyIndonesia Tbk shares,” explained the Head of the Transaction Supervision Division, Lidia M. Panjaitan and the Head of Trade Regulation & Operations Division Irvan Susandy in the IDX announcement, Friday (18/9).

This is not the first time JSKY has experienced a suspension in September 2020. On Thursday (17/9) JSKY shares were also suspended due to an increase in prices. The IDX has also announced that the stock price of JSKY has increased beyond the usual or unsual market activity (UMA), Monday (14/9).

Also Read: JSKY changes the EGMS schedule to October 2, 2020, this is the agenda

Responding to this, Commissioner of Sky Energy Indonesia Christoper Liawan, explained that the significant price increase was driven by the plan rights issue or additional capital with pre-emptive rights (HMETD). JSKY plans to issue approximately 199 million new shares at a price of Rp 500. “The target fund that we collect is through rights issue This is Rp. 99 billion, “said Christoper in an incidental public expose that was held online, Tuesday (22/9).

JSKY will use the funds from rights issue will be used for working capital running a new factory in Cisalak. JSKY still requires approval from shareholders which will be held through the EGMS on October 2, 2020.

Also Read: Moving unnecessarily, Sky Energy Indonesia (JSKY) shares in the BEI surveillance radar

Just so you know, JSKY will operate the new factory in October. The second factory, which costs around Rp. 90 to Rp. 100 billion, has an area of ​​up to two hectares (ha) with a production capacity sollar cell up to 100 megawatt-peak (MWp).

Quoting RTI data, JSKY’s share price has indeed gone green since the beginning of the year. Noted, the share price rose by 40.95% year to date. A drastic increase occurred during the last month, up to 279.49%. Meanwhile, before being suspended, the shares were closed at Rp. 296, Friday (18/9).

Also Read: Behind the JSKY Stock Price Spike, There are Rights Issues and Mirrae who are Diligent Sales