SMRU - PT. SMR Utama Tbk

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JAKARTA – Three companies owned by Heru Hidayat and Beny Tjokrosaputro, convicts of the corruption case of users’ funds of PT Asabri (Persero) and PT Jiwasraya (Persero), are in danger of being delisted off Indonesia Stock Exchange (IDX) in January 2022.

The companies in question are PT SMR Utama Tbk (SMRU), whose shareholders consist of PT Trada Alam Minera Tbk (TRAM) with 52.30% of 12,499,385,782 shares, Asabri 8.11%, and the public 39.59%. Then, TRAM, whose 13.02% of 49,643,627,934 shares are owned by PT Graha Resources, followed by Tael One Partners Ltd 23.82% and the public 63.16%. Lastly, PT Hanson International Tbk (MYRX) with the shareholders of Asabri of 10.85% of 86,703,220,792 shares and the public 89.15%.

The trading activities of those three companies have been suspended since January 2020, reaching 24 months in January 2022. Then, the IDX regulation stated that delisting might occur after a suspension in the regular and cash market or tradable only in the negotiation market, which lasts at least 24 months.

As previously informed, Heru Hidayat, President Commissioner of TRAM, was sentenced to life in prison by the Jakarta Criminal Corruption Court last week (18/1). Earlier, Benny Tjokrosaputro, President Director of MYRX, also received a life sentence from the Criminal Corruption Court, enforced by the Supreme Court decision, in August 2021. (LK/ZH)