Business · Companies · 17 hrs ago
Indonesia exchange to delist 18 firms as HSC list grows to 83
Indonesia’s stock exchange will delist 18 listed companies on November 10, 2026.
Seven are bankrupt, including textile companies Sritex and Sejahtera Bintang Abadi Textile, while 11 have had trading suspended for more than 50 months.
The exchange’s rules allow delisting when a company’s business outlook is seriously harmed without signs of recovery, or its shares have been suspended.
The companies must first offer to buy back shares during a period running from May 11 to November 9, 2026.
In a separate update, the exchange and Indonesia’s central securities depository added Mitra Komunikasi Nusantara to their high-shareholding-concentration list.
The list now covers 83 companies, and 99.64% of Mitra Komunikasi Nusantara’s shares are held by a limited group of shareholders.
The designation is not itself evidence of a market-rule violation; the exchange says the list aims to make the availability of tradable shares more transparent.
The Indonesia Stock Exchange plans to delist 18 listed companies effective November 10, 2026.
Seven companies are being delisted after being declared bankrupt, while 11 have had their shares suspended for more than 50 months.
The exchange requires the companies to conduct share buybacks from May 11 to November 9, 2026, before delisting.
Separately, the number of companies on the high shareholding concentration list has risen from 82 to 83.
PT Mitra Komunikasi Nusantara Tbk joined the HSC list, with certain shareholders collectively holding 99.64% of its shares.
- Who
- The Indonesia Stock Exchange is delisting 18 companies. PT Mitra Komunikasi Nusantara Tbk is the latest company added to the HSC list.
- What
- The exchange plans to delist the 18 companies and has increased the HSC list to 83 companies.
- When
- The delistings are effective November 10, 2026. The HSC addition was announced November 6, 2026.
- Where
- Indonesia.
- Why
- Seven companies were declared bankrupt, and 11 had trading suspensions lasting more than 50 months. MKNT was added because certain shareholders collectively hold 99.64% of its shares.
This story does not have two clearly opposing sides.
The HSC policy took effect.
The exchange's required buyback period for companies scheduled for delisting takes place.
The shareholding structures used to assess HSC status are reviewed.
The exchange and KSEI announce MKNT's addition to the HSC list, bringing it to 83 companies.
The planned delistings of the 18 companies take effect.
- Companies to be delisted
- 18
- Reason for delisting
- 7 declared bankrupt; 11 suspended for more than 50 months
- Effective delisting date
- November 10, 2026
- HSC list
- 83 companies, up from 82
- New HSC addition
- PT Mitra Komunikasi Nusantara Tbk (MKNT)
- MKNT ownership concentration
- 99.64% held collectively by certain shareholders
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What people are saying
The exchange decided to delist the listed companies, effective November 10, 2026.
This announcement does not necessarily indicate a violation of laws and regulations or applicable capital market provisions.