Implementation of Forced Delisting Mechanism in Go-Private Corporate Action in Indonesia: Is It Right?

Abstract

Purpose: The research focuses on studying the implementation of the forced delisting mechanism in go-private corporate actions in Indonesia by comparing studies with other countries, namely the United States and Singapore. Theoretical framework: The research is projected to produce an ideal concept for implementing the forced delisting mechanism in go-private corporate actions in Indonesia. Methods: This research is normative legal research. The research approach used is statutory, a conceptual approach, a fact approach, and a comparative approach. Results and Conclusion: The study results indicate that there are no specific arrangements for implementing the forced delisting mechanism in go-private corporate actions in Indonesia. The results also show that there is no means for comparative studies on implementing the forced delisting mechanism in go-private corporate actions in the United States and Singapore. Research implications: The ideal concept focuses on the accommodation of special facilities for disposing of shares of companies that carry out forced delisting. Originality/value: Special arrangements and special listing facilities for forced delisting shares aim to facilitate the implementation of repurchases and prevent potential material losses to retail investors and the company's public shareholders.