Jakarta - The Indonesia Stock Exchange Authority has decided to temporarily suspend the shares of PT Hotel Sahid Jaya Tbk (SHID) due to the cumulative price decline of the shares.

The Head of the IDX Transaction Supervision Division, Lidia M Panjaitan, said the suspension of SHID shares was carried out in the regular market and cash market.

"This step is to provide sufficient time for market participants to consider carefully based on the information available in each of their investment decisions in shares (SHID)," she said in a statement in Jakarta on Thursday (19/8).

Furthermore, the IDX expects interested parties to always pay attention to the disclosure of information submitted by the company.