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Indonesia bourse removes market cap threshold for shareholding structure screening

By Reuters News

JAKARTA, Nov 10 (Reuters) - Indonesia Stock Exchange said on Tuesday it has removed the 5 trillion rupiah ($276.93 million) market cap threshold for screening companies that breach high shareholding concentration rules, the exchange's chief said on Tuesday.

The removal is the latest capital market reform by Indonesia to improve the transparency of listed companies' shareholding structure, following global index provider MSCI's warning that it could downgrade the country's stock market to "standalone" status.


($1 = 18,055 rupiah)

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