Jakarta, CNBC Indonesia – The Indonesia Stock Exchange (IDX) decided to temporarily suspend trading (suspend) the shares of PT Multipolar Tbk (MLPL) starting trading session I Tuesday (8/6/2021) for trading on the regular market of cash market funds. This suspension of share trading will be in effect until the next exchange notification.
The policy to temporarily suspend trading was due to a significant cumulative price increase in the shares of the company belonging to the Lippo group.
“The Exchange urges interested parties to always pay attention to the disclosure of information submitted by the Company,” wrote the letter signed by PH Head of the IDX Transaction Supervision Division Endra Febri Styawan and PH Head of IDX Trading Operational & Regulatory Division Yayuk Sri Wahyuni, quoted on Tuesday ( 8/6/2021).
To note, currently MLPL shares are at a price of Rp. 675/share after yesterday’s trading on Monday (7/6/2021) closed up 17.39%.
In the last week this stock has strengthened 41.21%. In the last six months, this stock has strengthened up to 850.70%.
Some time ago Multipolar admitted that it had invested in educational startup company Ruangguru with an investment value of Rp 700 billion.
In the disclosure of information on the Indonesia Stock Exchange (IDX), MLPL President Director Adrian Suherman and Director Agus Arismunandar said the company’s investment value had reached Rp 700 billion.
The company through its subsidiary, PT Nusa Jaya Cipta, has also invested in Ruangguru of approximately Rp. 21 billion with a share ownership of 3.38%.
“Ruangguru is one of the company’s investments in the digital startup sector. We believe this investment [Rp 700 miliar] will produce good returns, which we will deliver in due course,” the two wrote in the IDX disclosure last week.
Even so, Adrian emphasized that MLPL is not the controlling party of Ruangguru. With the investment made, he is sure that it will not be affected by the company’s operations and financial performance.
(hps / hps)
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