Krakatoa Steel Faces Trading Suspension if Financial Reports not Submitted by June 2023, says Main Director Purwono Widodo

Jakarta –

Main Director of PT Krakatoa Steel (Persero) Tbk Purwono Widodo stated that his party was finalizing the financial statements for the 2022 financial year. This was in response to a request from the Indonesian Stock Exchange (IDX) for the company to immediately submit financial reports.

If it is not immediately submitted by the end of June 2023, trading in shares of the issuer coded KRAS shares will be temporarily suspended or suspended.

“LK (Financial Report) 2022 is in the process of being finalized. There are still several fulfillment documents that are being prepared. We hope that it can be completed as soon as possible,” he told detikcom, Monday (12/6/2023).

Quoted from BetweenIDX Company Valuation Director I Gede Nyoman Yetna said, if the company has not submitted financial reports or paid a fine, then its shares will be suspended.

“If you have not submitted or have not paid a fine, KRAS can be suspended,” he said.

Nyoman said that his party had given KRAS a First Warning Letter (SP1) and a Second Warning Letter (SP2) accompanied by a fine of Rp. 50 million. This is because the company was late in submitting financial reports for the 2022 financial year.

“For companies that have not submitted their financial reports, they have SP1, they have SP2, they have already fined SP2, they will then proceed to SP3,” said Nyoman.

(acd/hns)