Indonesian Political, Business & Finance News

IDX to Delist 18 Issuers, Here is the Complete List

| By | Source: INVESTASI.KONTAN.CO.ID Translated from Indonesian | Regulation
IDX to Delist 18 Issuers, Here is the Complete List
Image: INVESTASI.KONTAN.CO.ID

JAKARTA. The Indonesia Stock Exchange (IDX) will remove the listing of securities, or delist, several issuers on 10 November 2026. The IDX is delisting the shares of issuers in accordance with IDX regulations.

Head of Division I Company Assessment, Vera Florida, in a disclosure of information at the IDX on Friday (10 April 2026), explained that there are 18 issuers whose shares will be delisted on 10 November 2026. She detailed that there are seven issuers whose shares must be delisted because the companies have been declared bankrupt. Meanwhile, the other 11 issuers must be delisted because their suspension period has exceeded 50 months.

The issuers declared bankrupt include:

  1. PT Cowell Development Tbk (COWL)

  2. PT Mitra Pemuda Tbk (MTRA)

  3. PT Sri Rejeki Isman Tbk (SRIL)

  4. PT Sunindo Adipersada Tbk (TOYS)

  5. PT Sejahtera Bintang Abadi Textile Tbk (SBAT)

  6. PT Tianrong Chemicals Industry Tbk (TDPM)

  7. PT Omni Inovasi Indonesia Tbk (TELE)

Meanwhile, the names of the issuers that have been suspended for more than 50 months and whose shares must be delisted include the following:

  1. PT Eureka Prima Jakarta Tbk (LCGP)

  2. PT Sugih Energy Tbk (SUGI)

  3. PT Marga Abhinaya Abadi Tbk (MABA)

  4. PT Limas Indonesia Makmur Tbk (LMAS)

  5. PT Northcliff Citranusa Indonesia Tbk (SKYB)

  6. PT Envy Technologies Indonesia Tbk (ENVY)

  7. PT Golden Plantation Tbk (GOLL)

  8. PT Polaris Investama Tbk (PLAS)

  9. PT Triwira Insanlestari Tbk (TRIL)

  10. PT Nusantara Inti Corpora Tbk (UNIT)

  11. PT Jaya Bersama Indo Tbk (DUCK)

  • Announcement of the Delisting Decision to the Public and Submission of the delisting decision notice (final) & buyback recommendation to the company by notifying OJK: 10 April 2026

  • Deadline for submission of buyback disclosure of information and start of buyback implementation by the company: 10 May 2026

  • Buyback implementation period by the Company: 11 May – 9 November 2026

  • Effective Delisting: 10 November 2026

However, the IDX reminds that issuers that have been decided to be delisted still have obligations as issuers until the effective delisting is carried out as determined by the IDX. “The approval for the removal of the listing of the issuer’s shares does not eliminate the obligations that have not been fulfilled by the company to the Exchange,” wrote Vera in the disclosure of information at the IDX.

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