Delisting of 18 Issuers, IDX Coordinates with Relevant Parties to Fulfill Buyback

Jakarta (ANTARA) - PT Indonesia Stock Exchange (IDX) has announced the delisting of securities for 18 issuers, effective 10 November 2026, as they have been declared bankrupt or have been suspended from trading for more than 50 months.

Before deciding on the delisting, IDX’s Director of Company Assessment, I Gede Nyoman Yetna, told the press in Jakarta on Monday that IDX had carried out various stages of coaching, encouragement, and opportunities for issuers to improve their performance while continuing to monitor them.

“In the coaching process, IDX also coordinated with the regulator and various relevant parties from the beginning when the issuer experienced going concern problems, so that it then met the delisting criteria until the fulfilment of the issuer’s share buyback obligations post-delisting,” Nyoman said.

The provision is in accordance with OJK Regulation No. 45 of 2024 on the Development and Strengthening of Issuers and Public Companies.

“We hope this becomes a reminder for issuers as well as an early warning for investors regarding the potential for delisting,” Nyoman said.

In line with Exchange Regulation No. I-N, Nyoman explained that IDX carries out delisting of shares of issuers that experience conditions or events that significantly negatively impact business continuity, either financially or legally.

“And the listed company cannot show adequate indications of recovery. The issuer has also experienced Securities Suspension, both in the Regular Market and Cash Market, for at least 24 months in the last period,” Nyoman said.