Jakarta, CNBC Indonesia \u2014 PT Dian Swastatika Sentosa Tbk (DSSA) has\nformally submitted a written response to the Financial Services\nAuthority (OJK) regarding media reports about sanctions imposed by the\nregulator over trading in the company\u2019s shares.<\/p>\n
The response was set out in letter No.\u00a0179\/CSDSS-10\/2026, dated 19\nOctober 2026 and addressed to the Chief Executive for Capital Market,\nDerivative Finance and Carbon Exchange Supervision at the OJK. It was\nsigned by two company directors, Hermawan Tarjono and Alex Sutanto.<\/p>\n
In the letter, management referred to several media reports published\non 16 October 2026 concerning the OJK\u2019s sanctions over DSSA share\ntrading. The company said it respected the regulator\u2019s authority and\ndecisions in strengthening the integrity and transparency of, and\nconfidence in, Indonesia\u2019s capital market.<\/p>\n
\u201cThe company fully supports government policies and the supervisory\nmeasures taken by the relevant authorities to maintain financial system\nstability and create a healthy and sustainable investment climate,\u201d DSSA\nmanagement wrote in the letter, as quoted on Monday (19 October\n2026).<\/p>\n
Management added that the company understood that every regulatory\ndecision was based on considerations intended to protect investors\u2019\ninterests and maintain public confidence. DSSA therefore pledged to\nco-operate, respect the applicable process and follow up on the decision\nin accordance with legislation.<\/p>\n
The company also said it consistently prioritised good corporate\ngovernance, regulatory compliance and transparency in its business\nactivities. DSSA said it would continue to co-ordinate with the relevant\nauthorities and disclose any material developments through the required\ninformation-disclosure mechanisms.<\/p>\n
Rp1.5 Trillion Fine and Buy-back Plan<\/strong><\/p>\n The OJK previously imposed a fine of Rp1.5 trillion on DSSA. In\nresponse, the company said in a disclosure to the Indonesia Stock\nExchange (IDX) that the sanction currently had no material impact on its\nfinancial condition or operations.<\/p>\n DSSA also plans to buy back shares worth up to Rp1 trillion. The move\ncomes amid significant market volatility and is intended to increase\nshareholder value, support the share price in reflecting the company\u2019s\nfundamentals and maintain public confidence.<\/p>\n The buy-back will run for a maximum of three months, from 19 October\n2026 to 18 January 2027. It may end earlier if the allocated funds are\nexhausted or the targeted number of shares has been reached.<\/p>\n Shares may be bought back in a single transaction or in stages,\neither through trading on the IDX or off-exchange. Costs associated with\nthe buy-back, such as transaction and broker fees, are estimated at\n0.20% of the value of the shares repurchased.<\/p>\n The buy-back will be funded from the company\u2019s internal cash.\nManagement believes the corporate action will not adversely affect the\ncompany\u2019s performance, revenue or financing, given that DSSA has\nsufficient cash flow and working capital to fund its business activities\nand capital expenditure as well as the buy-back.<\/p>\n The company also expects the buy-back to increase earnings per share.\nThe treasury shares acquired are expected to give the company greater\nflexibility in managing its long-term capital requirements.<\/p>",
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