Indonesia Faces Record Share Sales to Meet Free-Float Goal

Indonesia faces record share sales to meet free-float goal

The Indonesia Stock Exchange estimates that 267 companies will need to lift their public shareholdings to 15 per cent. Read more at straitstimes.com.

Barito Renewables (BREN) stock in focus as Indonesia’s free-float overhaul looms ahead of MSCI May test

Barito Renewables closed at 8,050 rupiah, down 0.6% Friday, as investors watched Indonesia’s proposed 15% minimum free-float rule. Reuters estimates BREN may need to release over $1.8 billion in shares to comply. The Jakarta Composite Index slipped 0.11%. Regulators are considering a three-year transition for affected companies. The post Barito Renewables (BREN) stock in focus as Indonesia’s free-float overhaul looms ahead of MSCI May test appea…