Jakarta - The Indonesia Stock Exchange (IDX) stated that as many as four stocks during the suspension period had passed the 24-month deadline.

PT Polaris Investama Tbk (PLAS), PT Golden Plantation Tbk (GOLL), PT Sugih Energy Tbk (SUGI), and PT Trikomsel Oke Tbk  (TRIO) were among these companies.

IDX Director of Corporate Valuation I Gede Nyoman Yetna stated that the IDX temporarily suspended PLAS, GOLL, SUGI, and TRIO due to concerns regarding their business continuity and their failure to meet certain provisions.

"The listed company remains in the delisting process as long as the conditions that led to the suspension of PLAS, GOLL, SUGI, and TRIO do not improve."

According to Nyoman, IDX would examine the listed company's improving performance before delisting it from the Exchange.

"According to POJK No. 3/POJK.04/2021 on the Implementation of Activities in the Capital Market Sector, the Exchange may delist