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OJK Issues New Rules for IDX Shareholders

The Financial Services Authority (OJK) prohibits a majority shareholder, or ownership exceeding 50 percent, in the Indonesia Stock Exchange (IDX).

  • OJK issued new rules for IDX shareholders on September 17, 2016.
  • Demutualization aims to improve governance, widen capital access.
  • IDX shareholders limited to 5% of outstanding shares without OJK approval.

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