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Northcliff Citranusa Indonesia may be delisted from the IDX

19 August 2020 10:30

JAKARTA. The shares of PT Northcliff Citranusa Indonesia Tbk (SKYB) may be delisted from the Indonesia Stock Exchange (IDX), after six months of suspension.

Vera Florida, Head of IDX's Corporate Valuation Division 2, said that SKYB shares have been suspended since 17 February 2020. The suspension was caused by the fact that the company had not paid its annual listing fee.

"The suspension will reach 24 months on 17 February 2022," explained Florida through an official announcement.

In addition, SKYB's management has not submitted its 2019 financial report to the IDX. According to data compiled by idnfinancials.com, the company, which has been listed on the IDX since 2010, has also not submitted its financial reports for Q1 and Q2 2020.

At present, SKYB shares are controlled by Ora Pro Nobis International with a stake of 18.37%, followed by Tres Maria Capital Ltd (15.29%), Reksa Dana Narada (10.48%), DBS Bank Ltd SG-PB Clients (8.99%), PT Syailendra Capital (7.74%), Erry Sulistio (7.62%), and the public (31.51%). (KR/AR)

 
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