Jakarta. Bentoel International Investama (RMBA) stock has officially been delisted from the Indonesia Stock Exchange (IDX). The Indonesian unit of the British American Tobacco (BAT) Group has been listed on the stock exchange since 1990.

"IDX approves the removal of the company's securities listing on the stock exchange, effective on Tuesday," announced the IDX, on Tuesday.

With the delisting of Bentoel International Investama's status as a listed company, the company is relieved of its obligations as a listed entity.

"If the company wishes to re-list its shares on the IDX, the process can be carried out under applicable regulations," said the IDX announcement.

Over its journey spanning more than eight decades, Bentoel Group has become the fourth-largest tobacco company in Indonesia, behind Sampoerna, Gudang Garam, and Djarum.

Bentoel recorded revenues of Rp 4.31 trillion ($275.5 million) in the first six months of 2023, a 27.37 percent increase from the same period last year. Meanwhile, the company's net profit amounted to Rp 35.49 billion in the first semester of 2023, up by 121.83 percent from the same period last year.

Established in 1930 by Ong Hok Liong under the name Strootjes Fabriek Ong Hok Liong, the company produced local brands such as Bentoel Biru, Tali Jagat, Bintang Buana, Sejati, Neo Mild, and Uno Mild.

Currently, Bentoel Group is part of the BAT Group, a global tobacco company with a presence in over 180 countries. This affiliation has enabled the company to add the global brands Dunhill and Lucky Strike to its portfolio.