5 Stocks Threatened by Delisting, Beware If You Have One of them

Suara.com – The Indonesia Stock Exchange (IDX) lists stocks with the potential for delisting, namely the removal of issuers so that the shares cannot be traded again.

These shares will be removed from the list of public companies. One of the criteria for delisting stocks is that the movements of these stocks have been locked by the IDX for 24 months. The following is a list of five stock issuers that are threatened with delisting by the IDX.

1. PT Bukit Uluwatu Villa Tbk (BUVA)

BUVA’s shares had previously been suspended by the IDX for more than six months. The shares of PT Bukit Uluwatu Villa will reach a 24-month suspension in 2023. Thus, this issuer is one of those that are threatened with being delisted by the IDX. As is known, Bukit Uluwatu is a company that focuses on eco-friendly hotel and resort services. The company was founded in 2000 and already has luxury hotels with natural concepts on the Island of the Gods.

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2. PT Cowell Development Tbk (COWL)

Cowell Development focuses on property development, particularly elite housing and shops. Established in 1981 and having undergone a name change from PT Internusa Artacipta, it has invested in five residential properties, namely Melati Mas Residence, Serpong Park, Serpong Terrace, Laverde, and Borneo Paradiso, as well as high-rise buildings such as Westmark, The Oasis, and Lexington Residence. Unfortunately COWL has been suspended for 24 months as of July 13, 2022.

3. PT Dua Putra Utama Makmur Tbk (DPUM)

PT Dua Putra Utama Makmur Tbk is a company engaged in the production of seafood and the fishing industry. The company has penetrated international markets in a number of Asian countries such as Thailand, Singapore, China, Japan, and South Korea. Unfortunately, DPUM was suspended by the IDX as of January 16, 2022. Its shares are threatened to be listed as delisted.

4. PT Leyand International Tbk (LAPD)

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PT Leyand International has been suspended on all stock exchanges for 24 months as of July 2, 2022. The suspension period that exceeds this limit makes LPAD threatened with delisting from the IDX. PT Leyand Internasional is known for its business units in the plastic packaging industry and power generation.

Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

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