Retailer PT Mitra Adiperkasa Tbk (MAPI) sure will do a stock split with a 1:10 ratio. This corporate action was just waiting for the approval of the general meeting of shareholders (EGM) next on June 18.
"Stock split action will change the value of the company's stock that is currently Rp 500 per share to Rp 50 per share," said Fetty Kwartati, Mitra Adiperkasa Corporate Secretary, in a written statement on Wednesday (06/12/2013).
The company had previously announced it would conduct additional capital through the issuance of new shares without pre-emptive rights (ER) by 10% of the total paid up capital.
In trading on Wednesday (12/06/2013), MAPI share price rose Rp 250 or 3.36% to Rp 7.700 and form a market capitalization of Rp 12,78 trillion.
for Indonesia Market Summaries 13 June 2013