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BEI gives special codes for shares of problematic issuers

08 October 2019 15:50

JAKARTA - The Indonesia Stock Exchange (IDX) implemented i-suite facility (gave additional signs/codes) to the shares of 40 problematic issuers. Various codes were given, each reflects the severity of the issuer's problem.

Based on the latest data released by IDX, the number of problematic issuers is reduced by four. In the previous data, there were 44 problematic issuers.

The four issuers are PT Jakarta International Hotels & Development Tbk (JIHD), PT Timah Tbk (TINS), PT Apexindo Pratama Duta Tbk (APEX), and PT Bara Jaya Internasional Tbk (ATPK).

There were seven codes given by IDX; B, M, E, S, A, D, and L. Each issuer can have more than one code. 

B means that the company has filed for bankruptcy. M means that the company has requested suspension of debt payment obligations (PKPU), E means that the company's financial statements indicate negative equity. 

S means that the company's financial statements indicate zero operating revenue. A means that the company got an adverse opinion from a public accountant. D means that the company got disclaimer opinion from a public accountant, and L means the company haven't submitted its financial statements. (ARM/AR)

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