Dramatic Drop: PT Indo American Seafoods Tbk (ISEA) Shares Plummet by 65% — What Happened?

AEINEWS - The Indonesia Stock Exchange (IDX) has announced an unusual market activity (UMA) status for PT Indo American Seafoods Tbk (ISEA) due to a significant decline in its share price. The last update on ISEA was on July 5, 2024, when IDX published information regarding the listing of ISEA’s shares from its public offering on their website.

In announcement number peng-UMA-00128/BEI.WAS/07-2024 released on Monday (July 24), Yulianto stated that IDX is monitoring the transaction patterns of ISEA shares. Investors are advised to pay attention to the company's response to IDX’s confirmation requests, monitor the company’s performance and transparency, and reassess any corporate action plans not yet approved by the General Meeting of Shareholders (GMS).

IDX reminds investors to consider all possible outcomes before making investment decisions. ISEA shares were officially listed on IDX on July 8, 2024. As of Thursday (July 25) at 09:52 WIB, the share price of the company, which deals in processed shrimp products and owns shrimp farms, had dropped by 2.27% to IDR 172. Over the past week, ISEA shares have fallen by 65.94%, and by 44.87% since the beginning of July.