{
    "success": true,
    "data": {
        "id": 1673986,
        "msgid": "this-stock-to-be-delisted-from-exchange-sinar-mas-holds-1-14-1776066667",
        "date": "2026-04-13 14:15:14",
        "title": "This Stock to be Delisted from Exchange, Sinar Mas Holds 1.14%",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Business",
        "summary": "The Indonesia Stock Exchange (BEI) has announced the delisting of 18 companies this year, including Tianrong Chemicals Industry (TDPM), due to bankruptcy following a court ruling on 10 March 2025. Sinar Mas Multiartha Tbk (SMMA), part of the Sinar Mas Group, holds a 1.14% stake in TDPM, while DH Corporation Ltd owns the majority at 72.51%. BEI has urged TDPM and the other firms to conduct share buybacks, with the delisting effective from 10 November 2026, highlighting ongoing challenges in Indonesia's corporate sector amid financial distress.",
        "content": "<p>The Indonesia Stock Exchange (BEI) has announced a list of 18 issuers\nthat will be delisted this year. One of them is Tianrong Chemicals\nIndustry (TDPM). According to the disclosure of information, TDPM will\nbe removed from securities listing or delisted due to bankruptcy. TDPM\nshares have been suspended since 27 April 2021 due to delays in settling\nthe principal payment of MTN II. Based on the Monthly Report on\nSecurities Holder Registration as of 31 December 2023, DH Corporation\nLtd is recorded as the ultimate beneficial owner with 72.51% ownership\nor 7,602,265,670 shares. The remaining 27.49% is held by shareholders\nwith ownership below 5%. In the 1% ownership data, several parties hold\nTDPM shares. One of them is PT Sinar Mas Multiartha Tbk (SMMA). This\ncompany, part of the Sinar Mas Group, is recorded as holding 119,127,550\nTDPM shares or 1.14%. In accordance with Exchange Regulation No.\u00a0I-N,\nBEI urges TDPM and the other 17 issuers to carry out buybacks. The\ndeadline for submitting buyback disclosure of information and the start\nof buyback execution by the company is 10 May 2026. The buyback\nexecution period is 11 May to 9 November 2026. Subsequently, TDPM will\nbe effectively delisted starting 10 November 2026. TDPM was officially\ndeclared bankrupt after a lawsuit to annul the peace agreement by PT\nBata Merah Wisesa was accepted by the court on 10 March 2025. \u201cAt the\ntime this Disclosure of Information is issued, and based on the decision\nof the Commercial Court at the Central Jakarta District Court in the\nhearing for the annulment of the peace with Case Number\n4\/Pdt.SusPembatalan Perdamaian\/2025\/PN.Niaga.jkt.pst on 10 March 2025,\nthe company is currently declared bankrupt,\u201d quoting the company\u2019s\nstatement in the disclosure of information.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/this-stock-to-be-delisted-from-exchange-sinar-mas-holds-1-14-1776066667",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}