Toba Pulp Lestari Stock Halted Pending Audit, Regulatory Review
Jakarta. Indonesia Stock Exchange (IDX) halted trading in shares of Toba Pulp Lestari on Thursday afternoon, citing uncertainty over the company’s business continuity following a government-ordered suspension of its operations.
In a disclosure, IDX said trading in Toba Pulp Lestari (INRU) was suspended across all markets starting from the second trading session until further notice. The exchange said the decision followed information from the company regarding a temporary halt to its operations by the government.
The suspension relates to concerns over the company’s business sustainability after its activities were temporarily stopped by authorities, as outlined in the company’s letter dated Dec. 16, 2025, responding to a request for clarification from the Forestry Ministry regarding regulations on access to forest products.
The exchange urged all interested parties to closely monitor disclosures issued by the company.
Forestry Minister Raja Juli Antoni said the government has so far taken action against 11 legal entities, with all related legal processes currently underway. He singled out Toba Pulp Lestari, which has recently drawn public scrutiny.
Raja Juli said President Prabowo Subianto had issued a direct instruction for a comprehensive audit and evaluation of the company, covering licensing, legal compliance, and the environmental impact of its operations.
The audit and full evaluation process is expected to begin soon. Raja Juli said Deputy Forestry Minister Rohmat Marzuki has been specifically tasked with overseeing and examining the process to ensure it is conducted seriously, objectively, and comprehensively, amid allegations that the company’s activities may have contributed to flooding and landslides in North Sumatra.
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