JAKARTA. PT First Indo American Leasing Tbk (FINN) would be removed from the listing and membership platform on Indonesia Stock Exchange (IDX), effective May 5, 2021.
In its official announcement signed by the Head of Company Appraisal Division 2 of IDX, Vera Florida, the said delisting of FINN was due to its failure to show a significant business recovery. Furthermore, FINN’s shares have been suspended from trading activities for over two years.
“The exchange decided the delisting of PT First Leasing Tbk (FINN),” the IDX relayed the news in its information disclosure.
According to idnfinancials.com, PT Inti Sukses Danamas owns 44.13% of FINN by September 30, 2020. Another 9.82% went to UOB Kay Hian Pte Ltd., 8.28% to UOB Kay Hian (Hong Kong) Ltd., and the remaining 37.77% belonged to public investors. (KR/ZH)