IDX Penalizes 21 Listed Companies for Failing to Submit Financial Statements
The Indonesia Stock Exchange issued a written warning III and a fine of Rp150 million to each of the 21 listed companies that had not submitted their interim financial reports for September 30, 2020, to January 29, 2021.
The listed companies are ARMY, CNKO, COWL, ETWA, FINN, GOLL, KBRI, KRAH, MABA, MTA, MYRX, NIPS, NUSA, PLAS, RIMO, SIMA, SKYB, SUGI, TELE, TRAM, and UNIT.
"As of January 21, 2021, there are 21 listed companies that have not submitted their interim financial reports for the end of September 30, 2021, and or have not yet fulfilled the obligation to pay a fine of Rp. 50 million for late submission of financial reports to the Exchange. So that the Exchange has imposed a written warning II and a fine of Rp150 million, "said the Company Assessment Division I Head of the IDX, Adi Pratomo, in the IDX disclosure on Monday (8/2).
He continued, the 21 listed companies are part of a total of 823 listed companies.
Of these, 695 listed companies must submit financial reports ending as of September 30, 2020. However, 673 listed companies have submitted financial statements for that period.
Also, one listed company has not submitted its interim financial report, which ended as of September 30, 2020, which was audited until February 1, 2021. The company has been subject to the written warning I.
"The Exchange has put on a written warning I to 1 listed company that has not submitted an interim financial report that ended September 30, 2020, which a public accountant audited until February 1, 2021," he said.