IDX Suspends Bumi Citra Permai
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The Indonesia Stock Exchange (IDX) has suspended the Bumi Citra Permai (BCIP) from trading because of significant, cumulative stock price declines.
BCIP opened at Rp478 per share before plunging 46 bps (9.62%) to Rp432.
“With regards to BCIP’s significant, cumulative price drops, the IDX deems it necessary to suspend the stock from being traded,” IDX head for transaction supervision Irvan Susandy said in an exposure on Friday, October 7.
BCIP is not only suspended from trading in the regular market but also in the secondary market, starting today, October 7. The suspension is aimed at giving investors enough time to make thoughtful considerations in deciding what to do with their BCIP stocks.
BCIP is an issuer engaged in the field of real estate, construction, trading, mining, services, transportation, publishing, and agriculture. The company’s main businesses are real-estate and water management, operated by subsidiary Milwater Pratama Mandiri.
BCIP also has two real estate subsidiaries Millenium Power and Citra Permai Pesona.
Questions & Answers
Q.Why has the Indonesia Stock Exchange suspended Bumi Citra Permai?
Why has the Indonesia Stock Exchange suspended Bumi Citra Permai?
The IDX suspended BCIP from trading due to significant, cumulative declines in its stock price. This measure allows investors time to consider their options regarding BCIP shares.
Q.What was Bumi Citra Permai's stock price movement on the day of the suspension?
What was Bumi Citra Permai's stock price movement on the day of the suspension?
BCIP's stock opened at Rp478 per share before falling by 46 basis points (9.62%) to Rp432. This drop contributed to the cumulative declines.
Q.In which markets has Bumi Citra Permai been suspended from trading?
In which markets has Bumi Citra Permai been suspended from trading?
BCIP has been suspended from trading in both the regular market and the secondary market. The suspension became effective on October 7.
Q.What are Bumi Citra Permai's primary business activities?
What are Bumi Citra Permai's primary business activities?
BCIP's main businesses are real-estate and water management, operated through its subsidiary Milwater Pratama Mandiri. It also has real estate subsidiaries Millenium Power and Citra Permai Pesona.
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