KONTAN.CO.ID - JAKARTA. The retail investor who rejected the reverse stock action of PT Bakrieland Development Tbk (ELTY) or known as Forty, was disappointed with the reply letter from the Financial Services Authority (OJK). Forty repeatedly asked for responses from authorities regarding the reports they submitted where they had found irregularities in ELTY's reverse stock plan. However, in his letter, the OJK said that it had not been able to review the ELTY reverse stock plan because the company had not sent documents to the OJK. However, the OJK said in their letter that it had not been able to review the ELTY reverse stock plan because the company had not sent documents to the OJK. Forty member Deni Alfianto Amris said he was disappointed with the OJK statement. According to him, the authorities are reluctant to use their power as regulators. "We are very disappointed, this shows the regulator has no authority," Deni told Kontan.co.id on Tuesday (6/11).
Bakrieland's investor was disappointed with the OJK's reply letter
KONTAN.CO.ID - JAKARTA. The retail investor who rejected the reverse stock action of PT Bakrieland Development Tbk (ELTY) or known as Forty, was disappointed with the reply letter from the Financial Services Authority (OJK). Forty repeatedly asked for responses from authorities regarding the reports they submitted where they had found irregularities in ELTY's reverse stock plan. However, in his letter, the OJK said that it had not been able to review the ELTY reverse stock plan because the company had not sent documents to the OJK. However, the OJK said in their letter that it had not been able to review the ELTY reverse stock plan because the company had not sent documents to the OJK. Forty member Deni Alfianto Amris said he was disappointed with the OJK statement. According to him, the authorities are reluctant to use their power as regulators. "We are very disappointed, this shows the regulator has no authority," Deni told Kontan.co.id on Tuesday (6/11).