The Indonesia Stock Exchange is currently monitoring the movement of shares of PT Satria Antaran Prima Tbk (SAPX) and PT Yanaprima Hastapersada Tbk (YAPS).

"This step was taken in connection with an unusual market activity," said Head of the IDX Transaction Supervision Division, Lidia M. Panjaitan, in an IDX disclosure on Friday (19/2).

Therefore, the Exchange asks investors to pay attention to the answers of listed companies to the Exchange's request for confirmation, observe the performance of listed companies and their disclosure of information, review the listed company's corporate action plans if the GMS has not approved the agenda, and consider various possibilities that may arise in the future before making an investment decision.

The UMA announcement does not necessarily indicate a violation of the laws and regulations in the capital market.

Previously, the President Director of SAP, Budiyanto Darmastono, in a disclosure of information submitted to the IDX on Monday (15/2), said that the company is planning an Extraordinary General Meeting of Shareholders on March 25, 2021, with an agenda for a stock split because the company feels the value of shares when this is relatively high.

"It is hoped that with the stock split plan, the company's stock movement will be more liquid," said Budiyanto.

In addition to the stock split, the company plans to raise loans or issue bonds or convertible bonds to support its business expansion process and operational activities.

Meanwhile, YPAS Director Rinawati stated in her disclosure of information to the IDX that the company had no plans to take corporate actions within the next three months, including corporate programs, resulting in the listing of the company's shares on the Stock Exchange.