VIVAnews - Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK) has revoked business permit of 11 brokers in 2008.
Head of Bapepam-LK Fuad Rahmany said on Tuesday, Dec 30, that the agency has annulled the business permit of a security issue guarantor and temporarily suspended the business permit of a securities company in the same case.
In addition, concerning control over securities companies and institutions in 2008, Bapepam-LK has set up routine examination over 24 securities companies consisting of 16 head offices, eight branch offices of market members, 10 bureaus of securities administration, and eight custodian banks.
Bapepam, in controlling share trade in 2008, has also completed technical check and investigation of 34 cases of unusual trading: 32 cases violated article 91 and 92 on false trading and market manipulation.
Out of all the cases, 15 indicate strong preliminary evidence that warrants further investigation by the Examination and Investigation Bureau. As for the other nine cases, no such preliminary evidence was found.
Today, Bapepam-LK is looking into 10 unusual tradings. In the future, it is planning to take samplings of participatory bonds transaction in order to more effectively enforce the law.
Meanwhile, in 2008, Bapepam stated that 153 corporate actions taken by public companies:
- Two mergers.
- Nine tender offers.
- 45 companies carried out material transaction.
- Eight companies changed their names.
- 46 companies engaged in transactions involving conflicts of interests.
- Four capital increases without requisite rights issue.
- A company set up a quasi organization: PT Mas Murni Indonesia Tbk
- A company went private: PT Bank UOB Buana Tbk
- 37 companies carried out share buyback, where 33 of them exercised regulation X 1.b.3 on share buyback issued when market is potentially critical.
Translated by: Bonardo Maulana Wahono
Momen Presiden Joko Widodo jadi Saksi Nikah Anak Wamenaker Afriansyah Noor
Presiden Joko Widodo bersama Yanda Zaihifni Ishak menghadiri acara pernikahan putri dari Wakil Menteri Ketenagakerjaan (Wamenaker) Afriansyah Noor.
