JAKARTA. PT AirAsia Indonesia Tbk's (CMPP) board of directors have asked the Indonesia Stock Exchange (IDX) to consider the airline's efforts to increase its public ownership, which currently stands at 2.63%.
Indonesia AirAsia Head of Corporate Secretary Indah Permatasari Saugi said the company was preparing several measures to attract more public investors. "The company is asking that the IDX's suspension be lfited," said Ms Saugi in an official statement received by IDNFinancials.com.
"We also ask that the IDX consider the company's efforts to meet the public floating requirements."
In a revision to the I-A regulation in 2018, the IDX announced that non-controlling shareholders are required to oown at least 50 million shares and 7.5% of placed and paid-up capital. Companies are also required to present a free float plan to the IDX no later than two days after they announce an upcoming corporate action. (KR/MS)