Jakarta, hitclubapk3 Indonesia
—
Financial Services Authority (
FSA
) says
floating shares
in Indonesia it has only reached 23 percent.This figure is much lower than neighboring countries.
Floating shares
or
free float
are shares of a publicly traded company that are available for public trading.This means that these are shares that are not owned by controlling shareholders, commissioners, directors or related parties.
For example, if a company has a total of 100 million shares outstanding, but half or 50 million shares are held by controlling shareholders and management, then the total
floating shares
The remainder is 50 million shares that can be traded publicly.
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Therefore, OJK will prepare new policies to improve it
floating shares
domestically.
“For this reason, OJK has prepared a policy
free float
with two main approaches, namely
initial free float
and
continuous free float
,” said Chairman of the OJK DK Mahendra Siregar in a meeting with Commission XI DPR RI, Wednesday (3/12).
However, Mahendra said that OJK policies cannot stand alone.The government must also take part, for example by providing incentives for companies to provide more floating shares.
“OJK is also preparing supporting steps in the form of strengthening the domestic investor base, integrating global standards, as well as simplifying corporate actions so that the process of adding
free float
does not become an administrative burden.”OJK also regulates a combination of incentives and compliance so that implementation is fair and effective,” he explained.
Mahendra also asked permission from Commission XI board members to provide input, especially regarding providing appropriate incentives so that the Indonesian capital market is more inclusive and attractive to long-term investors.
“In that case, the leadership, ladies and gentlemen, members of Commission
[Gambas:hitclubapk3 Video]
(ldy/pta)
