IDX to allow exploration stage miners to float shares

By Alexander Ginting

Indonesia Stock Exchange (IDX) said on Thursday that it is in the process of setting up regulations that will allow mining companies in exploration stage to float shares at the IDX.

?The regulation is now being submitted to Bapepam (Security Exchange Commission),? IDX Head of Real Sector Listing Division I Gde Nyoman BYS Abadi said on Thursday, without giving a time-frame, just saying that the decision is in the hands of Bapepam.

Under the current regulation, exploration stage companies are not allowed to list shares at the IDX.

Editing by Er Audy Zandri