OJK Certifies Kapuas Prima Coal Shares as Islamic Securities

October 10, 2017

 

Jakarta, October 10, 2017. The Financial Services Authority (OJK) today issued an OJK's Board of Commissioners Decree in relation to certification of Islamic Securities. The Decree, No. KEP-46/D.04/2017, concerns Certification of PT Kapuas Prima Coal Tbk Shares as Islamic Securities.

As a result of the Decree, the securities were entered into the Islamic Securities List pursuant to OJK's Board of Commissioners Decree No. KEP-19/D.04/2017 dated May 23, 2017, on the Islamic Securities List.

The decree was issued following results of OJK's review on the Registration Statement submitted by PT Kapuas Prima Coal Tbk, to ensure that the Statement had satisfied the Islamic securities criteria.

During the review, the OJK scrutinized a range of data, including the issuer's Registration Statement and other supporting data, which comprises the written one from the issuer and that from other reliable parties.

The OJK carries out regular review on the Islamic Securities List based on issuers' or public companies' mid-year and annual financial statements.

The review is also conducted when an issuer's or a public company's registration statement has become effective and satisfied the Islamic securities criteria, or when an issuer or a public company takes corporate actions, or has information or facts that make it satisfy or not satisfy such criteria.

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