JAKARTA. PT Bank of India Indonesia Tbk (BSWD), a bank owned by the Government of India through the Bank of India, has not decided what kind of step will be taken by the company to comply with regulations in Indonesia regarding the number of public shareholders.
Ferry Koswara, Director of BSWD, said that the company has not yet decided whether the company will seek to increase the number of public shares, or exit the Indonesia Stock Exchange (IDX). "Whether we will delist ourselves or going private, we will discuss it with shareholders," Koswara said when met by idnfinancials.com on Tuesday (22/10) today.
Koswara claims that at present, only investors can help solve the problem. If public investors invite more people to purchase BSWD shares, then there is an opportunity for the company to remain listed on the exchange. His party also wants the company's shares to remain on the exchange. "If there is more supervision (BEI and OJK), it means (our) reputation will be better," Koswara explained.
For information, trading of BSWD shares has been suspended since February 2018. The majority shareholder of BSWD is Bank of India with 76% shares, PT Panca Mantra Jaya 18%, public 3.29%, and the rest is owned by the Chugani family. (KR/AR)