Why IDX Halted Trading in Adhi Karya Shares
The IDX has temporarily suspended trading of Adhi Karya securities in all markets until further notice.
The Indonesia Stock Exchange (IDX) has temporarily halted the trading of PT Adhi Karya (Persero) Tbk (ADHI) shares on August 24, 2026, due to the company's failure to pay a bond interest installment due on the same date. The state-owned construction firm owes a substantial amount of Rp60.8 billion in interest for the Continuous Bonds III Adhi Karya 2022 Series B and C. IDX's Operational Trading Regulation Division Head Pande Made Kusuma explained that the suspension is a precautionary measure, reflecting concerns over the company's business continuity.
The stock, currently trading at Rp133 per share, has remained stagnant since August 21, 2026, a stark contrast to its January 2026 price range of 272 per share. Adhi Karya's corporate secretary, Siswanto, acknowledged the suspension as a standard regulatory procedure and emphasized the company's commitment to adhering to capital market regulations.
The company attempted to modify the payment schedule for the delayed interest payments at a shareholder meeting on August 6, 2026, but its proposal was not approved due to insufficient quorum. Adhi Karya plans to hold another shareholder meeting on September 11, 2026, to discuss the progress of settling the bond obligations and other relevant matters.
The company is currently undergoing a restructuring process, aiming to enhance its core business, improve profitability, and ensure long-term growth through divestment programs, financial restructuring, and efficiency improvements.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
