if you own over a certain amount of shares in an Indonesian...

if you own over a certain amount of shares in an Indonesian business you can get a 3,5 or 10 year residency Visa. It is to attract investors into the sector.
My confusion is whether or not shares in foreign owned companies operating in Indo quality.
Other categories of foreign owned companies do , but its vague on details about shares in Forign owned but Indonesian operated listed companies.

https://indonesia.acclime.com/hr/immigration/investor-visa-kitas/#:~:text=Who%20is%20eligible%20for%20an,minimum%20of%20investment%20of%20IDR1billion.