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Today's Headlines Trading Suspensions

  • Drama at Indonesian Food Processing Company Tiga Pilar Sejahtera Food

    Drama at Indonesian Food Processing Company Tiga Pilar Sejahtera Food

    There is still no end in sight to the drama at Indonesian food processing company Tiga Pilar Sejahtera Food. An emotional Joko Mogoginta, the company's president director, walked out of the General Meeting of Shareholders on Friday (27/07) after several hours of debate saying that a "hostile takeover" had happened.

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  • Indonesia Stock Exchange: Share Trading Golden Eagle Energy Suspended

    Indonesia Stock Exchange: Share Trading Golden Eagle Energy Suspended

    The trading of shares of Indonesian coal miner Golden Eagle Energy has been suspended for the second time this month by the Indonesia Stock Exchange (IDX) on Wednesday (25/11) after the company's share price plunged nearly 76 percent since 2 November 2015. Irvan Susandy, Chief of Transaction Supervision at the IDX, said share trading had to be suspended as Golden Eagle Energy, a subsidiary of Rajawali Corpora, has not provided any information to the IDX that could explain its recent stock performance.

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Latest Columns Trading Suspensions

  • Shares of Bakrie & Brothers Plunge after Reverse Stock Split

    Shares of Bakrie & Brothers Plunge after Reverse Stock Split

    Trading in shares of Bakrie & Brothers, which are listed on the Indonesia Stock Exchange, have again been suspended by authorities (for the second time this month) due to a massive decline in the share price. The plunge occurred after Bakrie & Brothers conducted a 10:1 reverse stock split in late-May 2018. Through this corporate action the company reduced the total number of its outstanding shares.

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  • Heavy Volatility after Lifting of Bumi Resources' Trading Suspension

    Heavy Volatility after Lifting of Bumi Resources' Trading Suspension

    The Indonesia Stock Exchange (IDX) suspended trading of the shares of coal miner Bumi Resources between 1 July and 4 October 2016 because the company had not reported its financial report (covering the corporate earnings of 2015) in time. On Tuesday (04/10) Bumi Resources, part of the controversial Bakrie Group conglomerate, finally announced that it recorded a net loss of USD $1.9 billion over 2015. This poor performance was mainly attributed to the impairment of assets and write-offs for its receivables.

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