Suara.com – Shares of vehicle battery manufacturer PT Nipress Tbk. (NIPS) has the potential to be expelled or forcibly delisted from the Indonesian Stock Exchange (BEI).
The impact of this delisting apparently also dragged down the Salim and Garibaldi Thohir Groups, because both of them are included in the list of NIPS shareholders.
The Salim Group, under the banner of PT Indolife Pensiontama, has a portion of around 124,057,589 shares or 7.59 percent ownership. Meanwhile, Garibaldi Thohir’s company, PT Trimegah Sekuritas Indonesia Tbk (TRIM), owns 196,314,607 shares or 12 percent of the NIPS share portion.
Quoting the Indonesian Stock Exchange (BEI) announcement on Wednesday (3/1/2024), the IDX again issued a warning about the forced delisting of PT Nipress Tbk (NIPS) equity securities because it had experienced a temporary suspension or suspension for 54 months.
Quoting the Indonesian Stock Exchange (BEI) announcement, Wednesday (3/1/2024) that based on Exchange Regulation No. II concerning Delisting and Relisting of Shares on the Exchange, the Exchange can delist shares of a Listed Company if due to suspension on the Regular Market and Cash Market, it has only been traded on the Negotiation Market for at least the last 24 months.
Still in the same policy, the IDX can forcibly eject an issuer from its trading board if it experiences conditions or events that have a significant negative impact on the Listed Company’s business continuity, either financially or legally, or on the continuity of the Listed Company’s status as a Public Company, and Listed Companies cannot show adequate indications of recovery.
Meanwhile, currently, at the end of the stock code, this motor vehicle spare parts manufacturer has the notation B attached because of a request for bankruptcy.
Apart from that, NIPS received a special L designation for submitting its final financial report for the 2018 period.
Then, NIPS also received the notation Y because it did not hold an AGMS until 6 months after the financial year ended.
Furthermore, NIPS is also included in a special monitoring board.
For your information, the controllers of NIPS are PT Trinitan International and Ferry Joedianto Robertus Tandiono.