BEI: No Regulation Breached if Freeport IPO

Dian Ihsan Siregar    •    Selasa, 03 Nov 2015 15:09 WIB
BEI: No Regulation Breached if Freeport IPO
Indonesia Stock Exchange (BEI) in Jakarta. (Photo: ANTARA/Yudhi Mahatma), Jakarta: The Boss of Indonesia Stock Exchange (BEI) confessed that there is no regulation breached should PT Freeport Indonesia conducts Initial Public Offering (IPO) in the market.

"During the Freeport deal in 2001, they are allowed to conduct IPO in the stock market. Come and enlist in the market, there is no breach or whatever if Freeport is listed in the stock market," said the Director of BEI Tito Sulistio, when met at the BEI Building, Jakarta, Monday (11/2/2015).

However, in conducting the Freeport stock divestment, the government has to put Indonesian people first to absorb the stocks. This is for the people to feel the richness of natural resources in their own country.

"The government should take side to the people. When listed, please don't sell to other places, but sell it to the people, it is called income distribution through ownership," he mentioned.

He emphasizes that BEI along with the Financial Services Authority (OJK) confirmed that it will not be bought by foreign party, as the stock divestment through IPO is to be absorbed by local investors.

"The regulations can be made for local investors," OJK can make this, as the stock system may prevent foreign from buying," concluded Tito.