Indonesia to Release $11 Billion in Shares as Free-Float Rule Widens
Jakarta’s planned capital market reforms, prompted by an MSCI warning over market opacity, would require 267 companies on the Indonesia Stock Exchange to increase public shareholdings to a 15% minimum free float. If none delist, these companies would need to put roughly 187 trillion rupiah ($11.08 billion) of shares on the market, posing a notable …