JAKARTA. The management of PT Zebra Nusantara Tbk (ZBRA) gave an explanation to the Indonesia Stock Exchange (IDX) following the Unusual Market Activity (UMA) categorisation of its shares on the last couple of days.
Wijiningsih, ZBRA Corporate Secretary, claimed to have no information regarding the fact of other materials circulating in the market apart from the company’s acquisition by PT Trinity Healthcare (THC). As mentioned in idnfinancials.com earlier, THC took over 51% shares ownership of ZBRA on March 9.
According to idnfinancials.com data, ZBRA’s stock price has surged 459% to the level of IDR 380 per share during early March 2021 until the closing of stock trading last Thursday (25/3). On March 1, 2021, the same stock price was still at IDR 68.
In its official statement, the IDX stated that it is currently observing how the stock trading pattern of ZBRA develops. IDX also encouraged the investors to look closely at ZBRA’s financial performance and corporate action plans while taking notes of official announcements from the regulators.
According to historical data of IDX, ZBRA’s shares were once suspended on December 21, 2020, due to its significant price increase. The suspension was carried out in order to cool down ZBRA’s stock price. (KR/ZH)