Volatile Share Prices Lead BEI to Suspend Trading in WBSA

The Indonesia Stock Exchange (BEI) has temporarily suspended trading (suspension) in the shares of PT BSA Logistics Indonesia Tbk (WBSA) due to a significant cumulative price increase. This step is intended as a cooling-down period to protect investors, particularly shareholders of the WBSA issuer. The suspension takes effect from today, 20 April 2026, during Session I in the regular market and cash market. “PT Bursa Efek Indonesia deems it necessary to temporarily halt trading in the shares of PT BSA Logistics Indonesia Tbk (WBSA) on 20 April 2026,” BEI management stated in a disclosure of information on Monday (20/4/2026). The decision aims to provide sufficient time for market participants to carefully consider their investment decisions in WBSA shares based on available information. “Interested parties are urged to always pay attention to the disclosures provided by the Company,” BEI management concluded. Previously, BEI had closely monitored WBSA trading on 16 April 2026 due to a share price increase that fell into the category of unusual market activity. The latest information regarding the listed company was published on 10 April 2026 via the PT Bursa Efek Indonesia (BEI) website concerning the listing of shares from the public offering. The logistics sector company officially listed its shares on the Indonesia Stock Exchange (BEI) through an initial public offering (IPO) on 10 April 2026, becoming the first issuer to debut on the capital market this year. In its debut, WBSA shares skyrocketed 34.5% to Rp 226 per share from the offering price of Rp 168 per share. Before the official trading suspension by BEI, WBSA share prices had surged 307% to Rp 685 per share. The WBSA IPO was oversubscribed by 386.86 times. The proceeds from the IPO will be used to support the Company’s expansion strategy, particularly through acquisitions in the sea transportation sector as a strategic step to strengthen end-to-end logistics services, as well as for capital expenditures to enhance operational capacity and service efficiency. For information, WBSA issued 1.8 billion shares, equivalent to 20.75% of the placed and fully paid-up capital, or 20.75% of the Company’s placed and fully paid-up capital. At an offering price of Rp 168 per share, the Company will raise fresh funds of Rp 302.4 billion.