Lionmesh Prima Reports Recovery Plan for Indonesia Stock Exchange Share Suspension
Bitget2026/10/22 09:25- Lionmesh Prima submitted a recovery update September 18, 2026, to the Indonesia Stock Exchange concerning its suspended, exchange-listed shares.
- August free float totaled 8,882,000 shares, or 9.25%, meeting the 7.5% minimum but falling short of the 50,000,000-share requirement.
- The exchange cleared a 1:1 stock split, expected to leave free float at approximately 30,060,000 shares, still below the requirement.
- A larger split was considered but risked pushing the stock below the theoretical share-price requirement.
- Four consecutive years of losses complicate recovery efforts; potential takeovers and a rights issue have not materialized.
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