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Akbar Indo Makmur may be delisted from IDX due to consecutive losses

27 May 2020 05:40

JAKARTA. The Indonesia Stock Exchange (IDX) announced the potential delisting of the shares of PT Akbar Indo Makmur Stimec Tbk (AIMS), a coal trading company, after prolonged suspension and consecutive losses.

According to the IDX's official announcement, AIMS' shares have been suspended since 29 October 2018 and then. At the end of this May, it will be 19 months since the suspension began.

Referring to Exchange Regulation Number I-I, after 24 months of suspension, AIMS' shares will be delisted. 

In addition, the exchange also assessed that AIMS' financial condition did not show adequate improvement. According to idnfinancials.com data, AIMS suffered consecutive losses for four quarters since Q4 2018. The company lost Rp 228 million in Q4 2018, Rp 189 million in  Q1 2019, Rp 122 million in Q2 2019, and Rp 157 million in Q3 2019.

At present, the controlling shareholder of AIMS is PT Aims Indo Investama as much as 83.64%, followed by Efendi Leman (5.03%), and the public (11.33%). (KR/AR)

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