JAKARTA. The issuers listed on Indonesia Stock Exchange (IDX) were supposed to comply with the requirement to have a minimum free float of 7.5% by June 2016. However, some of the issuers have not yet complied with the rule of game. Based on KONTAN investigation, there are at least 37 issuers that have not yet complied with the requirement. To date, those 37 issuers have the total value of Rp 211.32 trillion market capitalization. The number is equal with 3.69% of IDX’s market capitalization that amounts to Rp 5,720.40 trillion. Only five out of 37 issuers that have booked market capitalization of more than Rp 10 trillion, while others have less than Rp 10 trillion market capitalization.
37 issuers have not complied with free float
JAKARTA. The issuers listed on Indonesia Stock Exchange (IDX) were supposed to comply with the requirement to have a minimum free float of 7.5% by June 2016. However, some of the issuers have not yet complied with the rule of game. Based on KONTAN investigation, there are at least 37 issuers that have not yet complied with the requirement. To date, those 37 issuers have the total value of Rp 211.32 trillion market capitalization. The number is equal with 3.69% of IDX’s market capitalization that amounts to Rp 5,720.40 trillion. Only five out of 37 issuers that have booked market capitalization of more than Rp 10 trillion, while others have less than Rp 10 trillion market capitalization.