TBK Meaning and
Definition
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TBK is an abbreviation for "Terbuka" in Indonesian, which translates to "open" or "public" in English. It is often used as a suffix in the names of Indonesian companies to indicate that they are public or open for public investment. TBK is usually placed at the end of the company name, highlighting its legal status as a publicly traded or open corporation.
In Indonesia, the designation TBK is regulated by the Indonesian government through the Capital Market and Financial Institutions Supervisory Agency (Bapepam-LK). To be officially recognized as a public company, a business entity must meet specific requirements, such as having a minimum stated capital and fulfilling certain governance standards. Once these criteria are met, the company can use the TBK suffix in its name, signifying that it is traded on the Indonesian stock exchange and that its shares are available to the public for purchase and investment.
By being a TBK, a company allows individuals and other entities to become shareholders through buying stocks, making it easier for the general public to participate in the business' growth and profitability. The TBK status also implies that the company is subject to enhanced regulatory oversight, disclosure requirements, and transparency standards to ensure protection and fairness for minority shareholders.
Common Misspellings for TBK
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