"The Indonesia Stock Exchange has not been able to open a temporary suspension of trading (unsuspension) of PT Bakrie Telecom shares. The shares could face forced delisting," said Nyoman in Jakarta, Wednesday (20/1). 

The IDX demands on the public, especially those who hold BTEL shares, to monitor the disclosure of information conveyed by the Bakrie Group issuer. 

Bakrie Telecom has submitted an audited financial report ending 30 September 2020 with an unqualified opinion on the latest development. Previously, BTEL also conveyed efforts to improve business continuity, which were delivered in mid-2020, which in essence, through its subsidiaries, BTEL will enter into several new businesses. 

If BTEL shares suspension is not opened until it reaches 24 months on May 27, 2021, IDX threatens BTEL shares with force delisting. Under the provisions of III.3.1.2, the IDX may forcibly write off shares of listed companies that have been suspended in the regular market and the cash market or have only been traded on the negotiated market for the last 24 months. 

The IDX suspended BTEL shares on the stock exchange on May 27, 2019, because the company received a disclaimer opinion twice in a row from a public accountant. 

In June 2020, BTEL shareholders' composition was PT Huawei Tech Investment 16.8 percent, PT Mahindo Agung Sentosa 13.6 percent, and PT Era Bhakti Persada 5.5 percent. Furthermore, Best Quality Global Limited 6 percent, PT Bakrie & Brothers Tbk (BNBR) 0.1 percent, and the community 58 percent. The total outstanding shares are 36.77 billion shares, and BTEL has long been asleep at the price level of Rp50.