IDX Extends Suspension of WIKA's Stock Trading

2 days ago 20

December 9, 2025 | 08:47 am

TEMPO.COJakarta - The Indonesia Stock Exchange (IDX) extended the temporary suspension of trading in PT Wijaya Karya (Persero) Tbk (WIKA) securities across all markets on Monday, December 8, 2025. The exchange suspended trading of the issuer, code-coded WIKA, due to delays in paying bond interest and profit-sharing income from mudharabah sukuk.

"The delay in payment indicates problems with the company's business continuity," said Pande Made Kusuma Ari, Head of the IDX's Trading Regulation and Operations Division, in an information disclosure at the Indonesia Stock Exchange on Monday, December 8, 2025.

On December 3, 2025, the IDX also temporarily suspended trading in WIKA securities due to the same issues. However, the IDX again suspended trading in WIKA securities because, as of Monday, December 8, 2025, the company had not paid bond interest and profit-sharing income from mudharabah sukuk.

The following details the postponement of WIKA's bond interest and profit-sharing payments.

1. 17th Interest of Wijaya Karya's Shelf-Registered Bonds II Phase I Year 2021 Series B (WIKA02BCN1).

2. 17th Interest of Wijaya Karya's Shelf-Registered Bonds II Phase I Year 2021 Series C (WIKA02CCN1).

3. 17th Profit-Sharing Income of Wijaya Karya's Shelf-Registered Sukuk Mudharabah II Phase I Year 2021 Series B (SMWIKA02BCN1).

4. 17th Profit-Sharing Income of Wijaya Karya's Shelf-Registered Sukuk Mudharabah II Phase I Year 2021 Series C (SMWIKA02CCN1).

The Stock Exchange urges all parties to pay attention to the company's disclosure of information.

Tempo has sought a response from WIKA Corporate Secretary Mahendra Vijaya regarding the extension of the WIKA share suspension. However, as of publication, Mahendra had not responded to Tempo's request for confirmation.

Read: IDX: Indonesia's Stock Index Records Second-Highest Growth in Southeast Asia

Click here to get the latest news updates from Tempo on Google News



BCA to Distribute Rp6.7 Trillion in Interim Dividends at Year-End

13 hari lalu

BCA to Distribute Rp6.7 Trillion in Interim Dividends at Year-End

BCA management stated that shareholders will receive Rp55.00 per share for the period covering January 1 to September 30, 2025.


Indonesia Records About US$136.9 Million in Weekly Foreign Inflows, Says BI

15 hari lalu

Indonesia Records About US$136.9 Million in Weekly Foreign Inflows, Says BI

BI reported a net inflow of Rp2.29 trillion or US$136.9 million in foreign capital entering the domestic market during the week of November 17-20.


Indonesian Capital Market Investors Reach 19 Million as of October 2025

32 hari lalu

Indonesian Capital Market Investors Reach 19 Million as of October 2025

The number of new investors in the capital market in 2025 reached 4,282,848 SID, an increase of 58.4 percent compared to the addition of investors in 2024.


IDX: Indonesia's Stock Index Records Second-Highest Growth in Southeast Asia

34 hari lalu

IDX: Indonesia's Stock Index Records Second-Highest Growth in Southeast Asia

The country's stock index has risen 16.83 percent from the start of the year through October 24, 2025, reflecting growing investor confidence.


This Week's Market Wrap: IHSG Rises 4.5%, Market Cap Reaches Rp15,234 Trillion

43 hari lalu

This Week's Market Wrap: IHSG Rises 4.5%, Market Cap Reaches Rp15,234 Trillion

IHSG rose 4.5% to 8,271.7 in the week of Sept. 20-24, 2025. IDX data showed market cap up 3.31% to Rp 15,234 trillion, though trading volume decline.


The Risks Behind Danantara's Move to Enter Indonesian Capital Market

45 hari lalu

The Risks Behind Danantara's Move to Enter Indonesian Capital Market

The plan for Danantara to enter the stock market is not new, as in April, it opened opportunities to become a liquidity provider in the capital market.


Indonesia's Purbaya Says Market Fluctuations Benefit Investors

51 hari lalu

Indonesia's Purbaya Says Market Fluctuations Benefit Investors

Minister of Finance Purbaya Yudhi Sadewa emphasized the importance of a fluctuating stock market to benefit investors.


Indonesia's Finance Minister Urges Crackdown on 'Stock Frying' Practices

59 hari lalu

Indonesia's Finance Minister Urges Crackdown on 'Stock Frying' Practices

Indonesia's Finance Minister Purbaya Yudhi Sadewa has urged the OJK and IDX to act against stock price manipulation, or "stock frying."


Today's IHSG Closes Higher, Led by Transport and Logistics Sector

9 Oktober 2025

Today's IHSG Closes Higher, Led by Transport and Logistics Sector

The Jakarta Composite Index (IHSG) rose 1.04 percent to 8,250.94 on Thursday, driven by gains in transport and logistics stocks.


Finance Minister Urges IDX to Strengthen Oversight of Investor Behavior

9 Oktober 2025

Finance Minister Urges IDX to Strengthen Oversight of Investor Behavior

Finance Minister Purbaya Yudhi Sadewa guaranteed that he would comply with the incentives if the IDX was able to improve the capital market conditions


Read Entire Article
Pemilu | Tempo | |