IDX Locks SKYB and YPAS Shares, Here is the Reason

The Indonesia Stock Exchange (IDX) has temporarily suspended trading (suspension) of shares in PT Northcliff Citranusa Indonesia Tbk (SKYB) and PT Yanaprima Hastapersada Tbk (YPAS). According to the IDX disclosure of information, this step was taken to protect investors, particularly shareholders of both issuers. It is stated that the suspension of YPAS is due to significant cumulative share price movements. “PT Bursa Efek Indonesia deems it necessary to temporarily halt trading of shares in PT Yanaprima Hastapersada Tbk (YPAS) on the Regular Market and Cash Market starting from Session I on 9 April 2026 until further announcement from the Exchange,” wrote IDX management on Thursday (9/4/). Meanwhile, the suspension of SKYB is due to the absence of significant developments from the improvements made, indicating material uncertainty. It is noted that the suspension on SKYB shares refers to the announcement from PT Bursa Efek Indonesia (Exchange) number Peng-SPT-00003/BEI.PP1/02-2020, Peng-SPT-00004/BEI.PP3/02-2020, and Peng-SPT-00006/BEI.PP3/02-2020 dated 17 February 2020 regarding the Suspension and Extension of Temporary Suspension of Securities Trading. Then, the letter from PT Northcliff Citranusa Indonesia Tbk (“the Company”) number 09/Surat/BEI/NCI/I/2026 dated 30 January 2026 regarding Explanation on the Request for Explanation from PT Bursa Efek Indonesia. Furthermore, the Company’s letters number 12/Surat/BEI/NCI/III/2026 and 13/Surat/BEI/NCI/III/2026 dated 30 March 2026 regarding Explanation on the Request for Explanation from PT Bursa Efek Indonesia received by the Exchange on 31 March 2026. As well as, the Company’s letter number 30/LK.Audit/NCI/III/2026 dated 7 April 2026 regarding Submission of the Annual Financial Report for the period ending 31 December 2021. “This may cause significant doubts regarding the ability of the Company and its subsidiaries to maintain business continuity,” wrote IDX management. Based on this, the Exchange has decided to temporarily suspend trading of securities of PT Northcliff Citranusa Indonesia Tbk (SKYB) on All Markets starting from Session I Periodic Call Auction on Wednesday, 8 April 2026 until further announcement from the Exchange. “The Exchange requests that related parties always pay attention to the disclosures submitted by the Company,” it concluded.