The Indonesia Stock Exchange decided to extend the temporary suspension of trading in ten listed companies on the regular market and cash market since the first trading session on February 15, 2021.

The details are PT Armidian Karyatama Tbk (ARMY), PT First Indo American Leasing Tbk (FINN), PT Kertas Basuki Rachmat Indonesia Tbk (KBRI), PT Grand Kartech Tbk (KRAH), PT Marga Abhinaya Abadi Tbk (MABA), PT Hanson International Tbk (MYRX), PT Nipress Tbk (NIPS), PT Rimo International Lestari Tbk (RIMO), PT Siwani Makmur Tbk (SIMA), and PT Sugih Energy Tbk (SUGI)

"This step is carried out following the records of the Stock Exchange, until February 13, 2021, which is the deadline for payment of principal and 2021 annual listing fee (ALF) fines that have not paid in full," said PH Head of IDX I Company Assessment Division, Rheyn Lusiana Siregar in the disclosure of IDX information, Tuesday (16/2).

Referring to point II.3 of the Exchange Rule Number I-H concerning Sanctions, if the Listed Company is subject to a fine by the Exchange, the penalty must be deposited into the Exchange's account no later than 15 calendar days after the Exchange imposed the sanction. If the listed company does not pay the fine within that period, the Exchange may temporarily suspend shares on the regular market until the obligation to pay the annual listing fee and the penalty is fulfilled.

He added that two listed companies, namely PT Planet Properindo Jaya Tbk (PLAN) and PT Nusantara Almazia Tbk (NZIA), have been trading again from the first trading session on Tuesday (16/2).