Indonesia’s stock market needed just two days of chaos to highlight what investors have long lamented: parts of the market are not trading freely.
Last week’s worst tumble in nearly three decades drew attention to a major problem at the heart of Southeast Asia’s biggest equity market: a handful of billionaires own so much of their listed companies that barely any of those companies’ shares are left to trade.
At least three billionaires directly control 85 per cent or more of three listed…
Indonesia to force billionaires to sell shares: loosen control or lose market status
