Indonesia Bourse to Remove Tightly Held Firms From Some Indexes


Following the warning, regulators ramped up measures to improve ownership transparency. These include doubling minimum float levels to 15%, with a phase-in period of up to three years for certain firms, and naming nine companies, including PT Barito Renewables Energy and PT Dian Swastatika Sentosa, where a small group of investors holds more than 95% of shares.



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