JAKARTA - PT Industri dan Perdagangan Bintraco Dharma Tbk (CARS) is planning to conduct a stock split with a 1:10 ratio, from Rp 100 per share to Rp 10 per share.
As quoted from the company's press release, CARS Corporate Secretary Benny Redjo Setyono said shareholders have approved the plan and decided on a schedule. "An AGM will take place on May 6, 2019 to see shareholders' approval for a stock split and changes in the company's rules in relation to the stock split," he said.
Prior to the stock split, CARS has a stock price of Rp 100 per share with placed and paid-up capital amounting to 1.5 million shares. After the stock split, CARS will have a stock price of Rp 10 per share with placed and paid-up capital amounting to 15 million shares.
Based on IDNFinancials.com data, as of today the stock price of CARS is Rp 2.720 per share with a transaction volume of 264,200 shares. (LK/MS)