38 Issuers Have Not Yet Met the Free Float Requirement Are Now Suspended

The Indonesia Stock Exchange (IDX) has temporarily suspended the trading of shares of 38 listed companies that have failed to meet the minimum public shareholding or free float requirement until 29 January 2026.

According to Katadata, free float refers to the portion of shares held by the public, excluding shares owned by controlling shareholders, majority shareholders, commissioners, directors, and company employees. These shares are fully held by public investors, with individual ownership below 5%.

The IDX’s decision aligns with the policy of the Financial Services Authority (OJK) and other self-regulatory organizations (SROs), which raised the minimum free float requirement from 7.5% to 15%.

The IDX also stated that it has imposed third written warnings and fines of Rp50 million on listed companies that have not complied with the regulation.

“The Exchange will impose a suspension sanction on listed companies that have failed to comply with provisions V.1.1 and/or V.1.2 of IDX Regulation No. I-A until the next monitoring period,” the IDX said in its announcement over the weekend, as reported by Katadata on Tuesday (2 February 2026).

Below is the list of 38 listed companies whose shares have been suspended by the IDX for failing to meet the free float requirement, compiled as of 2 February 2026:

1. ALMI - PT Alumindo Light Metal Industry Tbk (all markets)
2. CBMF - PT Cahaya Bintang Medan Tbk (all markets)
3. COWL - PT Cowell Development Tbk (all markets)
4. DEAL - PT Dewata Freightinternational Tbk (regular and cash markets)
5. DUCK - PT Jaya Bersama Indo Tbk (all markets)
6. ETWA - PT Eterindo Wahanatama Tbk (all markets)
7. FASW - PT Fajar Surya Wisesa Tbk (regular and cash markets)
8. GAMA - PT Aksara Global Development Tbk (regular and cash markets)
9. HKMU - PT HK Metals Utama Tbk (all markets)
10. JSKY - PT Sky Energy Indonesia Tbk (regular and cash markets)
11. KAYU - PT Darmi Bersaudara Tbk (all markets)
12. KBRI - PT Kertas Basuki Rachmat Indonesia Tbk (all markets)
13. KIAS - PT Keramika Indonesia Asosiasi Tbk (regular and cash markets)
14. LCGP - PT Eureka Prima Jakarta Tbk (all markets)
15. LMSH - PT Lionmesh Prima Tbk (regular and cash markets)
16. MABA - PT Marga Abhinaya Abadi Tbk (all markets)
17. MAGP - PT Multi Agro Gemilang Plantation Tbk (regular and cash markets)
18. MFMI - PT Multifiling Mitra Indonesia Tbk (regular and cash markets)
19. MTRA - PT Mitra Pemuda Tbk (all markets)
20. MTSM - PT Metro Realty Tbk (regular and cash markets)
21. MYTX - PT Asia Pacific Investama Tbk (regular and cash markets)
22. NUSA - PT Sinergi Megah Internusa Tbk (regular and cash markets)
23. PLAS - PT Polaris Investama Tbk (all markets)
24. PLIN - PT Plaza Indonesia Realty Tbk (regular and cash markets)
25. RIMO - PT Rimo International Lestari Tbk (all markets)
26. RSGK - PT Kedoya Adyaraya Tbk (regular and cash markets)
27. SBAT - PT Sejahtera Bintang Abadi Textile Tbk (all markets)
28. SIMA - PT Siwani Makmur Tbk (all markets)
29. SKYB - PT Northcliff Citranusa Indonesia Tbk (regular and cash markets)
30. SMCB - PT Solusi Bangun Indonesia Tbk (regular and cash markets)
31. SUGI - PT Sugih Energy Tbk (all markets)
32. SUPR - PT Solusi Tunas Pratama Tbk (regular and cash markets)
33. TECH - PT Indosterling Technomedia Tbk (all markets)
34. TOYS - PT Sunindo Adipersada Tbk (all markets)
35. TRIL - PT Trivina Insanlestari Tbk (all markets)
36. TRIO - PT Trikomsel Oke Tbk (all markets)
37. UNIT - PT Nusantara Inti Corpora Tbk (all markets)
38. WICO - PT Wicaksana Overseas International Tbk (regular and cash markets).