Banks Seek Strategies to Comply with Free Float Rules

Banking issuers that have not yet met their obligation to achieve the public share portion or free float of 7.5% are gearing up to adhere to these regulations.

Arlina Laras & Fahmi Ahmad Burhan

19 Des 2023 - 18.38
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Banks Seek Strategies to Comply with Free Float Rules

A customer makes a digital transaction at CIMB Niaga Digital Lounge in Jakarta. Photo/JIBI-Eusebio Chrysnamurti

Bisnis, JAKARTA — Banking issuers that have not yet met their obligation to achieve the public share portion or free float of 7.5% are gearing up to adhere to these regulations. They have devised various strategies to increase the portion of shares in circulation, aiming to enhance liquidity in the market.

Regulations stipulate that listed companies must have a free float of at least 50 million shares and a portion of 7.5% within 2 years after the regulations took effect on December 21, 2021.

However, the stock exchange authority allows issuers to submit applications to categorize specific shareholders as free float shareholders, provided that the ownership is in the form of an investment portfolio with public investors as beneficiaries.

In terms of share price performance over the year, banking issuers expected to meet the 7.5% public share requirement have generally recorded poor results.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Banks Seek Strategies to Comply with Free Float Rules

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