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Indonesia Stock Exchange Warns Two Issuers of Potential Delisting: OCAP and UNIT

Mentari Puspadini, CNBC Indonesia

Market

Tuesday, 05/09/2023 06:45 WIB

Photo: Illustration of the Indonesian Stock Exchange (CNBC Indonesia/Andrean Kristianto)

Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) again warned two issuers that have been suspended for two years. This is because the two issuers have the potential to be kicked out or delisted from the stock exchange.

The two companies in question are PT Onix Capital Tbk. (OCAP) and PT Nusantara Inti Corpora Tbk (UNIT). Both are threatened with delisting due to conditions that negatively affect business continuity and the company cannot show indications of adequate recovery.

Lidia M Panjaitan, Head of Corporate Valuation Division III of the Indonesia Stock Exchange, through information disclosure, said that as of September 1, 2023, the suspension of OCAP securities is 36 months old. While UNIT for 30 months.

Due to the locking of the shares of the two issuers, many investors were ultimately ‘stuck’.

In OCAP shares, it is known that UOB Kay Hian (Hong Kong) Ltd owns 45% of the shares. The rest, Hardjanto, Djajusman and the public own 8%, 35% and 12% of the shares respectively. It is known that the total shares outstanding in OCAP are 273,200,000 shares.

Meanwhile in UNIT, Lenovo Worldwide owns 21.78% or the equivalent of 16.42 million shares, while the rest are Bloom International and the public each with 5.74 million or 7.62% and the public 53.24 million or the equivalent of 70.6 shares. % of total outstanding shares.

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2023-09-04 23:45:01
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