Djarum Group Issuer SUPR Plans Delisting Amid 15% Free Float Impact?
JAKARTA, KOMPAS.com – The Djarum Group issuer, PT Solusi Tunas Pratama Tbk (SUPR), plans to change its status from a public company to a private one (go private), while also removing its shares from listing on the Indonesia Stock Exchange (BEI) or delisting.
The Director of Company Valuation at PT Bursa Efek Indonesia, I Gede Nyoman Yetna, stated that SUPR’s plan to go private and voluntarily delist from the exchange is the result of a thorough evaluation by management of the company’s long-term business strategy.
According to him, the step is related to efforts to improve the efficiency of asset and operational management, including through the restructuring of share ownership within the group company.
“We can state that the plan has been carried out based on a comprehensive evaluation by the company’s management of the long-term business strategy of the Company and the Group Company in managing assets and operational activities more efficiently, including through the restructuring of share ownership within the company group,” Nyoman said when confirmed by reporters on Tuesday (7/4/2026).
In the context of meeting the free float requirement or the minimum number of shares circulating in the public at 15%, he emphasised that the BEI plays an active role in providing guidance to listed companies.
The exchange authority understands that fulfilling this regulation requires special attention and effort, especially for issuers that have not yet met the requirements.
“In relation to the new provisions regarding free float (minimum 15%), we emphasise that the exchange is actively present in providing guidance to listed companies,” he explained.
Therefore, the BEI has prepared various initiatives, ranging from periodic socialisation regarding free float and corporate actions, strengthening the business and operational aspects of issuers, to providing direct consultation services through one-on-one guidance.
In addition, the BEI also facilitates meetings between listed companies and investors through roadshows to increase demand for issuer shares.
“The exchange has prepared various initiatives, including periodic socialisation regarding free float and corporate actions, socialisation regarding strengthening the business and operational aspects of listed companies, provision of hot desk guidance (one-on-one assistance) and consultation in order to meet free float requirements as well as the implementation of corporate actions including roadshows for listed companies to meet investors (demand side),” Nyoman elaborated.
Previously, SUPR’s management admitted that the delisting step is not unrelated to the failure to meet the minimum free float requirement as regulated in BEI Regulation Number I-A. Previously, on 30 April 2025, the BEI had also temporarily suspended trading in the company’s shares.
To meet these requirements, the company has taken various steps, including submitting a recovery plan and periodic reports on progress realisation.
However, up to the disclosure of information, the company has still not been able to meet the minimum free float requirements.
“As of the date of this information disclosure, the company has still not been able to meet the required minimum free float provisions,” SUPR’s management wrote in the information disclosure on Monday (6/4/2026).