Business · Companies · 3 hrs ago
Indonesia Stock Exchange schedules meeting on ownership reform
The Indonesia Stock Exchange has scheduled a special shareholders’ meeting for October 28 to discuss its ownership reform.
The plan is called demutualisation, meaning the bourse could allow investors outside its current member firms to become shareholders.
The change is part of a financial-sector law, but the exchange’s current rules limit share ownership to its members and do not allow dividends.
The exchange must change its rules and articles of association first, and the regulator says the bourse is not yet ready for that process.
Indonesia’s Danantara sovereign investment agency has discussed investing through its investment arm, and a stake above 5% would need regulatory evaluation.
Other possible investors named include the Finance Ministry, Bank Indonesia and other Indonesian legal entities.
Any share offer and price negotiations would come later, after the meeting and the required rule changes; the timing depends on the exchange’s readiness.
The Indonesia Stock Exchange scheduled an extraordinary shareholders meeting for 28 October 2026 to discuss ownership reform.
The meeting had previously been planned for 15 September but was postponed while the exchange awaited an OJK regulation on demutualization.
Demutualization is part of the mandate of Indonesia’s Financial Sector Development and Strengthening Law.
The exchange must first change rules that currently restrict shareholders to exchange members and do not allow dividends.
Danantara, Bank Indonesia and the Finance Ministry are among the institutions that could become shareholders.
- Who
- The Indonesia Stock Exchange and its shareholders. Danantara, Bank Indonesia and the Finance Ministry are potential investors.
- What
- The exchange scheduled an extraordinary shareholders meeting as part of preparations for ownership reform, or demutualization.
- When
- 28 October 2026. The meeting had previously been planned for 15 September 2026.
- Where
- Jakarta, Indonesia.
- Why
- Demutualization is required under the Financial Sector Development and Strengthening Law, but the exchange must first address regulatory and infrastructure barriers.
This story does not have two clearly opposing sides.
The shareholders meeting had been planned for this date before it was postponed pending the OJK regulation.
The Indonesia Stock Exchange scheduled its extraordinary shareholders meeting.
- Meeting date
- 28 October 2026
- Previous planned date
- 15 September 2026
- Potential state shareholders
- Finance Ministry, Bank Indonesia and BPI Danantara
- Current shareholder eligibility
- Exchange members
- Potential Danantara stake
- Above 5%; any such stake would require regulatory evaluation
What people are saying
The meeting is postponed until the demutualization OJK regulation is issued; we will study it after the regulation is issued.
The exchange is also not ready to do that.
We are communicating, giving DIM directions to carry out investment for demutualization.