Indonesia introduces dual-class shares framework

The highly anticipated move should spur new listings of domestic tech companies, experts believe.

Indonesia’s financial and capital markets regulator, Otoritas Jasa Keuangan (OJK), has approved new regulation allowing the listing of shares with multiple voting rights (MVR) on the country’s stock exchange (IDX)

OJK is hoping the new rules will entice the wave of homegrown unicorns (companies valued at over $1 billion) that have emerged in recent years to choose IDX as a listing destination

“It was initially suggested that the regulation which allows MVR be an amendment to I-A Regulation issued by IDX, but it turned out to be an OJK regulation This means that the provision has a stronger legal standing than it was initially suggested,” Marshall Situmorang, partner at Indonesian law firm Nusantara Legal Partnership,...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222