JAKARTA \u2014 The Daya Anagata Nusantara Investment Management Agency\n(Danantara) has formally submitted an offer to become a shareholder in\nthe Indonesia Stock Exchange (IDX). Due diligence is under way, and no\nofficial decision has been made on the size of the stake it may\nacquire.<\/p>\n
IDX President Director Jeffrey Hendrik said the exchange could not\nyet disclose the transaction value or details of Danantara\u2019s offer\nbecause the process was ongoing.<\/p>\n
\u201cThe offer has been received and due diligence is under way. However,\nas the process is still ongoing, we cannot disclose the details yet,\u201d\nJeffrey said after the IDX Extraordinary General Meeting of Shareholders\n(EGMS) in Jakarta on Wednesday (28 October 2026).<\/p>\n
Jeffrey explained that approval of amendments to the articles of\nassociation at the EGMS opened the way for parties other than exchange\nmembers to own shares in the IDX. Previously, ownership of exchange\nshares was reserved for exchange members.<\/p>\n
\u201cFrom now on, the opportunity for prospective shareholders outside\nthe exchange membership is open. We will begin processing applications,\ninviting prospective shareholders and assessing their suitability,\u201d he\nsaid.<\/p>\n
He stressed that the amendments were not designed specifically to\naccommodate one or two institutions, but would apply generally to any\nparty that met the requirements.<\/p>\n
Under the legislation, institutions such as the Ministry of Finance\nand Bank Indonesia could also become shareholders in the exchange.\nHowever, Jeffrey said neither had entered the due diligence stage.<\/p>\n
Confirmation of which parties will officially become new shareholders\nis subject to the completion of all documents and administrative\nprocedures. The IDX has not set a specific timetable for selling shares\nto the public through an initial public offering (IPO).<\/p>\n
\u201cIn the future, of course, we hope to hold an IPO, like exchanges in\nother countries. But before reaching that stage, we must first complete\nthese initial steps,\u201d he said.<\/p>\n
Jeffrey added that issuing new shares could be the first step before\nan IPO. However, the proposal still needs to be discussed and requires\nformal approval from shareholders.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-stock-exchange-demutualisation-approved-danantara-submits-shareholding-offer-1793170258", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }