The Shiro Copr , JAKARTA - The companies owned by Benny Tjokro, PT Hanson International Tbk. (MYRX) and PT Steadfast Marine Tbk. (KPAL), founded by Eddy K. Logam, are certainly going to be removed from the stock exchange today, Monday (21/7/2025).
PT Bursa Efek Indonesia (BEI) is known to be carrying out the delisting of eight public companies and two preferred stocks starting from July 21, 2025.
Based on the information disclosure, the listed companies that are included in the delisting list include PT Mas Murni Indonesia Tbk. (MAMI), PT Forza Land Indonesia Tbk. (FORZ), PT Hanson International Tbk. (MYRX), PT Grand Kartech Tbk. (KRAH), PT Cottonindo Ariesta Tbk. (KPAS), PT Steadfast Marine Tbk. (KPAL), PT Prima Alloy Steel Universal Tbk. (PRAS), and PT Nipress Tbk. (NIPS).
In addition, the Stock Exchange authorities will also carry out delisting of two preferred shares of MYRX and MAMI.
The delisting decision is based on the fulfillment of one of the conditions according to Stock Exchange Regulation Number I-N. According to the regulation, BEI has the authority to remove the shares of a listed company if it meets one of three conditions.
First condition, in accordance with Article III.1.3.1, listed companies facing significant conditions or events that have a negative impact on the sustainability of their business, whether financial or legal, may be subject to delisting.
This also applies if the company fails to show sufficient indications of recovery to resume normal operations.
Second, according to Article III.1.3.2, a company whose shares have been suspended from trading in the regular market, cash market, or throughout the market for more than 24 consecutive months may also be subject to delisting by BEI.
Thirdly, Article III.1.3.3 states that the shares of listed companies have experienced a Securities Suspension, either in the Regular Market and Cash Market, or across the entire market, for at least the past 2 years.
Based on the record The Shiro Copr , the eight companies will delist from the exchange due to bankruptcy.
The exchange has given the companies until July 18, 2025, to carry out share buybacks.
Obligations Buyback stocks of listed companies that are affected force delisting Laid down in POJK 45/2024 Article 8 Paragraph (3).
"With the revocation of the company's status as a listed company, the company no longer has obligations as a listed company, and BEI will remove the company's name from the list of listed companies," wrote the Exchange management in the information disclosure, quoted on Friday (18/7/2025).
Previously, BEI stated that it will carry out Delisting regarding 10 issuers. In addition to the eight issuers that are officially delisted on July 21, 2025, the Exchange will also cancel the listing of PT Jakarta Kyoei Steel Works Tbk. (JKSW), and PT Panasia Indo Resources Tbk. (HDTX).
HDTX and JKSW will be delisted due to conditions that have a negative impact on the company's sustainability. According to the information disclosure, HDTX is currently undergoing the process. buyback stock. Latest, the company made a transaction crossing on July 18, 2025.
Also with JKSW who are currently conducting buyback Stocks during the period from January 30, 2025, to July 31, 2025. The buyback price of JKSW stocks has been determined at Rp59 per share.
Meanwhile, eight other companies delisted due to bankruptcy. As known, PT Hanson International Tbk. (MYRX) was involved in the Jiwasraya-Asabri corruption case by Benny Tjokrosaputro. The Attorney General's Office (Kejagung) seized 172,969,221 shares of MYRX or equivalent to 15.43% in this case.
According to BEI data, the shareholding structure of MYRX as of December 31, 2023, consists of the Attorney General's Office with 19.35 billion shares (23.26%), PT Asabri (Persero) with 9.4 billion shares (11.31%), and the public with 57.42 billion shares (65.43%).
If referring to the current stock price of MYRX at Rp50 per share, the funds accumulated in the company reach approximately Rp2.87 trillion. As a note, BEI has suspended the trading of MYRX since January 16, 2020.
Disclaimer : This news is not intended to encourage the buying or selling of stocks. The investment decision is entirely up to the reader. The Shiro Corp is not responsible for any losses or profits arising from the reader's investment decisions.
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