Fined Rp1.5 Trillion, DSSA Writes to OJK
Jakarta, CNBC Indonesia — PT Dian Swastatika Sentosa Tbk (DSSA) has formally submitted a written response to the Financial Services Authority (OJK) regarding media reports about sanctions imposed by the regulator over trading in the company’s shares.
The response was set out in letter No. 179/CSDSS-10/2026, dated 19 October 2026 and addressed to the Chief Executive for Capital Market, Derivative Finance and Carbon Exchange Supervision at the OJK. It was signed by two company directors, Hermawan Tarjono and Alex Sutanto.
In the letter, management referred to several media reports published on 16 October 2026 concerning the OJK’s sanctions over DSSA share trading. The company said it respected the regulator’s authority and decisions in strengthening the integrity and transparency of, and confidence in, Indonesia’s capital market.
“The company fully supports government policies and the supervisory measures taken by the relevant authorities to maintain financial system stability and create a healthy and sustainable investment climate,” DSSA management wrote in the letter, as quoted on Monday (19 October 2026).
Management added that the company understood that every regulatory decision was based on considerations intended to protect investors’ interests and maintain public confidence. DSSA therefore pledged to co-operate, respect the applicable process and follow up on the decision in accordance with legislation.
The company also said it consistently prioritised good corporate governance, regulatory compliance and transparency in its business activities. DSSA said it would continue to co-ordinate with the relevant authorities and disclose any material developments through the required information-disclosure mechanisms.
Rp1.5 Trillion Fine and Buy-back Plan
The OJK previously imposed a fine of Rp1.5 trillion on DSSA. In response, the company said in a disclosure to the Indonesia Stock Exchange (IDX) that the sanction currently had no material impact on its financial condition or operations.
DSSA also plans to buy back shares worth up to Rp1 trillion. The move comes amid significant market volatility and is intended to increase shareholder value, support the share price in reflecting the company’s fundamentals and maintain public confidence.
The buy-back will run for a maximum of three months, from 19 October 2026 to 18 January 2027. It may end earlier if the allocated funds are exhausted or the targeted number of shares has been reached.
Shares may be bought back in a single transaction or in stages, either through trading on the IDX or off-exchange. Costs associated with the buy-back, such as transaction and broker fees, are estimated at 0.20% of the value of the shares repurchased.
The buy-back will be funded from the company’s internal cash. Management believes the corporate action will not adversely affect the company’s performance, revenue or financing, given that DSSA has sufficient cash flow and working capital to fund its business activities and capital expenditure as well as the buy-back.
The company also expects the buy-back to increase earnings per share. The treasury shares acquired are expected to give the company greater flexibility in managing its long-term capital requirements.