Update Minimum Free Float Requirement Indonesia Stock Exchange
The Indonesia Stock Exchange (IDX) will give time until 31 January 2016 for the remaining 18 publicly-listed companies that have not yet complied with the new minimum free float requirement that aims to increase liquidity in the stock market. In January 2014, the IDX announced it designed a new rule that forces all listed companies on the IDX to have a minimum free float of 7.5 percent. Samsul Hidayat, Director of Corporate Listing at the IDX, said these 18 companies are currently studying whether to conduct a rights issue or a stock split in order to raise their free float.